John Voychick
Do not use Suncoast Property Management in Jacksonville
30 January 2025 | 34 replies
The previous company wanted to do something similar, but our attorney pointed out that this wasn't allowable under Florida law.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Allows rentals to be non-passive.
Byron Umana
Your First Airbnb: Do’s and Don’t
30 January 2025 | 13 replies
For someone managing multiple properties or with a busy schedule, automating some parts (like initial messages) can save time while still allowing room for personal touches later.It’s inspiring to see your dedication to responding so quickly, even at 3:30am!
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.
Christopher Heidrich
Stuck in analysis paralysis and in the military
30 January 2025 | 7 replies
On the other hand, I’m hesitant to simply pay down more of a property, as we don’t need the immediate cash flow.Fortunately, both my wife’s job and mine are recession-proof, which allows us to be a bit more aggressive with our investments.I’d really appreciate advice from investors who have experience with frequent moves or military service.
Angelo Llamas
Taxes on a property that isn’t yet ins service
22 January 2025 | 5 replies
Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
2 February 2025 | 22 replies
There is nothing more annoying that paying $1200 just to hear a sales pitch and be told that the only thing that will allow you to be successful is to sink a ton of cash into the advanced training.
Donald DiBuono
Mobile Home Park Development
12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
Roth IRA contributions can be withdrawn tax-free, but earnings may be subject to income tax and penalties unless the account has been held for five years and you're 59½ or older.Instead, consider rolling over your IRA into a solo 401(k) if you're self-employed, allowing you to borrow up to $50,000 or 50% of the account balance, whichever is lower.
Sofiya Cherni
Montgomery County, MD non-refundable pet fee change start date
28 January 2025 | 11 replies
I keep it simple, i do not allow pets.