Ryan Hazelwood
Age, how many rentals, and type of rentals?
20 March 2022 | 384 replies
42, I got a late start to REI (just started last year), I own 2 SFH that are currently rented out, another SFH in the process of getting rehabbed and will be rented by September, I own a piece of vacant land near a casino, and I'm almost on contract with my first duplex (a City-owned property).
Sara Erickson
Short term rental depreciation
15 January 2018 | 8 replies
@Natalie Kolodij and @Jake Hottenrott, the issue here is that if a property's average period of customer use is 7 days or less (as many if not most Airbnbs are though I'm not sure about @Sara Erickson's case), it's not considered a rental activity under Reg §1.469-1T(e)(3)(ii)(A) and therefore would not be depreciated under 27.5 years, which is reserved for residential rental property under §168.That being said, the scope of Reg §1.469-1T(e)(3)(ii) limits the scope of Reg §1.469-1T(e)(3)(ii)(A) to the 7-day-or-less rule to Reg §1.469-1T(e)(3), not §168 and not the entire IRC.And of course the regs for the 7-day-or-less rule are temporary regs issued in 2002, and the shelf life on temporary regs is 3 years.But nevertheless these regs probably give some insight into Treasury's thought process here.Speaking of which...Airbnb wasn't a thing in 2002, and Treasury's presumption back then may have been that the "rental" of a property with an average period of customer use of 7 days or less would likely have been bundled with some significant services, thus making the entire activity a trade or business rather than a rental.But things are different now, though obviously some services are provided with the typical Airbnb (e.g., the provision of clean sheets, television, complimentary snacks, etc.) that aren't provided in the typical rental...What do I do?
Wade Light
looking to set up a get together!!
12 May 2014 | 12 replies
I was thinking about trying to get some like minded people together, possibly over dinner at foxwoods casino.
Eric Reichelt
Break even cash flow, why or why not?
23 October 2013 | 19 replies
There are many reasons to insure your property cash flows as you are taking on a much bigger risk than, say, 30-year treasuries, so why risk little or no return until hopefully the tenants pay down the mortgage for you?
Elizabeth Rose
Help! Trying to pick the best HELOC option...
30 March 2022 | 4 replies
I'm a bit confused as some lenders incorporate prime, others use 1-year treasury and others are offering a fixed rate...This will be my first HELOC.
N/A N/A
1031 exchange, mortgage boot, and capital gains tax
20 February 2007 | 4 replies
There is actually a specific example in Section 1.1031 of the Treasury Regulations that details this.
Dan Haeck
Pittsburgh Market
22 March 2008 | 0 replies
I am hoping the new Majestic Star Casino and the new Penguins arena project bring some life to Pittsburgh.
Account Closed
What to do with excess cash
19 July 2021 | 21 replies
Wall Street is a rigged casino IMO.
Jared Vidales
Who has become financially independent from Real Estate?
19 July 2012 | 109 replies
Bank CDs or treasuries are the seminal passive investment.
Joshua Dorkin
The Media's Negative Spin on Flipping Houses and Investors
3 January 2013 | 74 replies
Interesting how banks can be so frivolous in their lending, get bailed out, Fed and Treasury make a profit, and take years and years to put any sort of solutions in the marketplace to unwind the millions of bad loans and billions of dollars of bad debt they've issued.