Peyman Ayoubi
What's the best decision in my situation?
3 November 2024 | 11 replies
My roof is not dark (it's metal, orange-like color) but it's not really visible given the higher elevation compared to the street.
Zac Kucharek
First House Hack Tax Planning
7 November 2024 | 7 replies
To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.
Brad Herb
Financing home construction
3 November 2024 | 2 replies
A lot of people shrug off Modular and Manufactured but they are both cash cows and help avoid longer construction times, higher material costs and less permits.
Pretty Khare
STR tax loophole with a 2nd home loan
1 November 2024 | 22 replies
The STR Loophole (materially participate & less than 7 day rental) vs. providing substantial services.
Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
1 November 2024 | 48 replies
Copied from IRS pub 925 under material participation:.Proof of participation.
John Pipitone
STR in San Jose California
6 November 2024 | 22 replies
There is some great material on the business mode for bay area that in Biggerpocket.
Tom Dean
STR material participation to be considered active business
29 October 2024 | 2 replies
I've been researching this quite a bit and am looking into acquiring an STR that I would actively manage and would keep average stay at 7 days or less. I would like to meet the requirement of spending over 100 hours o...
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
Any material change in the terms of sale, the tenant association right of first refusal is reinstated.Despite this being a pilot program, there is no defined end date for the tenant opportunity to purchase provision.Rental properties in the pilot zone are subject to further regulationsIf a purchaser purchases a rental property and uses any public funds in the purchase, then the rental property shall be maintained as affordable housing for no less than 30 years.Landlords may not evict for any other reason than serious, or repeated violations of the terms and conditions of a lease or occupancy agreement, otherwise defined as “just cause eviction.”PenaltiesAny person who violates the requirements set forth in this ordinance shall be fined, not less than $200 nor more than $1,000 for each offense.
Cesar Delaflor
Fix and Flip Miami Dade
1 November 2024 | 0 replies
Timing schedule for materials Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Patrick Goswitz
Purchasing Material For Contractors
24 October 2024 | 139 replies
You don't want the customer to buy materials because they buy cheap materials or wrong materials.