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14 February 2025 | 8 replies
However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.
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13 February 2025 | 6 replies
You're past that part but small changes make a big difference if ____ happens.
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18 February 2025 | 24 replies
Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.
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16 February 2025 | 4 replies
Save the difference and supplement with other savings from a regular job.
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15 February 2025 | 7 replies
I was very pleasantly surprised.I also built a tool myself, I had a lot of issues finding service person for different repairs need.
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13 February 2025 | 11 replies
I have access to a $500,000 HELOC but live in Fort Lauderdale, where property prices are high, and cash flow opportunities seem tough to find.I’m considering different strategies like:BRRRR or flips (but concerned about high acquisition costs)Out-of-state investing (but hesitant about managing from afar)House hacking (but not sure if it makes sense given my situation)For those who’ve started in high-cost markets, what strategies worked for you?
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28 February 2025 | 10 replies
This makes a huge difference when it comes to removing tenants.
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9 February 2025 | 32 replies
Can we extract our data if down the line we decide to go with a different CRM.2.
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28 February 2025 | 6 replies
All of real estate is state specific - while nationwide laws exist the judicial courts often rule differently in different jurisdictions3. when new or inexperienced you don't know what you don't know - advice on BP or from Google searches are only a general guide - you'd be surprised at how often the advice does not apply to your specific situation4. there are often two, three, or four or more ways to accomplish the desired result.
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15 February 2025 | 7 replies
So, when investing in areas they don’t really know, investors should research the different property Class submarkets.