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31 January 2025 | 42 replies
@Scott Trench posting this from the APP!
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31 January 2025 | 4 replies
I have been considering reaching out to the seller to see if they are still interested in selling the property and just this week I found a Facebook marketplace posting from the seller trying to sell their home off market because “it became too much for her to maintain alone”.
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10 February 2025 | 6 replies
Given your mobility for duty posts you can really ramp up your real estate portfolio while serving.Every time they got stationed somewhere they would purchase a property to live in using their VA and house hack.
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6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.
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4 February 2025 | 1 reply
Great post people need to read this one.
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9 February 2025 | 4 replies
I agree with everyone posting on this topic here @German Fernandez, @Tyler Munroe, @Deirdre Lizio.
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26 January 2025 | 21 replies
Moreover, I filter horrible guests from Airbnb so it is a win-win :)Your post is so stupid .
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6 February 2025 | 9 replies
If your current CPA can't provide this type of advice, maybe try the BP pros finder tool (I will post the link below) or hopefully someone will comment here and recommend a real estate CPA that they worked with before.https://www.biggerpockets.com/business/finder/searches/ffd0c...
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3 February 2025 | 56 replies
If you have questions about getting started in Detroit, post your comments below, or feel free to send me a DM!
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29 January 2025 | 8 replies
Combine these benefits with GI Bill-funded real estate education to expand your knowledge.This post does not create a CPA-Client relationship.