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9 May 2024 | 2 replies
How you approach the mentor demonstrates how you will approach real estate investing.
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9 May 2024 | 3 replies
But it is all about being able to demonstrate that you have used and had the intent of using that property for investment.
10 May 2024 | 17 replies
But since this is mixed use and a single structure, they'll default to other ways to demonstrate correct intent (rental income, depreciation, length of hold, etc.)
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8 May 2024 | 14 replies
Or could you demonstrate that it was always a short-term rental from the beginning simply based on your listings + the several guest stays in the following year(s) during auditWithout specific guidance, I would take a risk-based approach, and call it an STR if the intent and preponderance of the subsequent actions suggests it from the service date.Is there a tax court case that establishes this?
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5 May 2024 | 2 replies
I plan to self-manage it, should be able to easily demonstrate 100 hours and no one works more than me on it, and keep the stays under 7 days.
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4 May 2024 | 12 replies
Keep in mind if you need to use two jobs to qualify for a conventional loan, the borrower will need to demonstrate two years of holding those two jobs simultaneously.
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3 May 2024 | 3 replies
While personal credit may also be evaluated, particularly if a company member holds at least 25% ownership, demonstrating sufficient liquidity is equally crucial.
6 May 2024 | 62 replies
They have clearly demonstrated that.Oh Ken....
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4 May 2024 | 8 replies
Logo does not change it unless you can demonstrate that the logo is ordinary and necessary (the underpinnings to any business / rental deduction).Overall you need to be wary of unreasonableness.
2 May 2024 | 4 replies
Consider this a motivation to build a robust portfolio and demonstrate your capabilities through actual results.