Samuel Kim
Real estate professional status 750 hours doable?
31 January 2025 | 27 replies
Nice try, but this time does not count.In order to meet 750 hours, your wife will need one of the below:- do something else real estate related, like wholesaling or realtor- actively work on expanding your rental portfolio - have an extensive DIY rehab, like a month-long full-time rehab (and then she might need another kind of rehab)- a calamity such as multiple properties damaged in a storm where she will have to deal with insurers and contractors- something else out of the ordinaryAgain - if all you have is 9 single-family properties with stable tenants and typical occasional maintenance - you don't have enough work to collect 750 hours.
Aaron Robertson
How AB 2622 Is Transforming Property Management in California
9 January 2025 | 0 replies
Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.
Rachel Jane
Rent or sell
20 January 2025 | 7 replies
This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.
Arthur Savery
Planning to sell a long term rental condo, use 1031 and buy 2 condos
11 January 2025 | 12 replies
I'm looking to make this part of the retirement stream of income rather than an effort to accumulate multiple properties.
Jaedon Stout
Looking for Real Estate Investment Strategies Using Funding
13 January 2025 | 5 replies
Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.
Brendan Jones
First property advice
7 February 2025 | 14 replies
I have had multiple STRs in the nashville area.
Mike Beer
Has anyone tried the RaiseMasters program by Hunter Thompson
14 January 2025 | 39 replies
If you want immediate answers and help on a certain subject or area, multiple experienced members and leadership team members will be pretty quick about answering questions or connecting you with the right person through slack.
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
It would allow you to sell your STR and defer all the taxes to reinvest all the proceeds into another property or multiple properties.
Jonathan S.
Passive Real Estate Investing
15 January 2025 | 10 replies
The more conservative, the lower projected return and vice versa.You will need to look at multiple deals that are targeting your strategy and asset class, before you will intuitively "know" whether something is in line or not.What is the most important factors when considering passive real estate opportunities?
Logan Jamieson
Frustration with current market: Seeking wisdom, encouragement, lend me your tenacity
4 February 2025 | 17 replies
You have enough to buy multiple rent properties.