What’s your strategy ?

A common strategy I see with diversification exchanges, is that the investor will purchase the first property cash and the second with a mortgage.

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

Solid strategy!

Either strategy can work.

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

If you are already planning to buy out-of-state and use property management, you are leaving money on the table and may want to look into more passive strategies since you don't seem to want to do management and you will still need to manage the manager.2.

Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.

Hey Sarah, if the seller has an agent, it’s best to go through them first since they’ll likely get involved anyway.For a property that’s been sitting on the market, approach with strategy.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?