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6 February 2025 | 6 replies
I have taken numerous courses in RE and am passionate about learning more I am based out of West TX- Midland/Odessa area
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1 February 2025 | 1 reply
You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.
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12 February 2025 | 8 replies
It's worth about $350,000 and no liens.I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.Also considering selling and buying a turnkey str.I do plan on leaving the country and I'm not sure where I'll end up.Would love to hear the pros and cons from all you professionals.
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12 February 2025 | 75 replies
Of course this may not be cheap, but it’s very effective.
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17 February 2025 | 12 replies
It sounds like the reason you wanted to do this was to achieve Real Estate Professional Status.
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4 February 2025 | 4 replies
It’s great to see a fellow professional diving into the investment side of real estate—it’s such a rewarding journey.
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3 February 2025 | 1 reply
I love the flexibility they offer for traveling professionals, military families, or folks in between moves.My main questions:Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?
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5 February 2025 | 8 replies
Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.
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29 January 2025 | 21 replies
Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.
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8 February 2025 | 12 replies
@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.