Kevin Lorick
Private Money Lender
25 September 2024 | 11 replies
The rate market may now create a better safety-net scenario than before as well...
Scott K.
Can travel expenses be tax deductible?
25 September 2024 | 9 replies
If you brought your spouse and 2 kids with you, and you could argue all of your argue of your time on the trip was looking at real estate, and your personal business and activity circumstance defends being able to immediately deduct it and not treat it as a start up cost... likely 75% of much of the travel costs (airfare, food, etc) would be non-deductible.
Brandon Becsi
What if I have too many deals?
24 September 2024 | 12 replies
Just my food for thought here
Keith Mintz
STR by the room?
25 September 2024 | 9 replies
I do manage some small apartment complexes and generally there are not too many issues, but not zero.Also, for me as a PM I have fixed costs per unit, so to have 5 listings in 1 house would be cost prohibitive.Just food for thought, good luck!
Suman Nandi
Must have tools for a new STR investor.
24 September 2024 | 9 replies
I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?
Jack Pyle
The Fed lowered Rates by 1/2%!! Why aren't mortgage rates coming down.
23 September 2024 | 1 reply
Food for thought...
Julio Gonzalez
Tax Professionals and Taxpayers - Beware of Scammers
23 September 2024 | 3 replies
Institute additional phishing attempt trainings with your IT group.Increase Cybersecurity: Ensure your software and safety protocols are up-to-date.
Charles Burgess
Refinance Rental Portfolio
24 September 2024 | 15 replies
Just some food for thought.Typically from my experience, a lender that is willing to do a "blanket" style loan, lends from their own portfolio.
Collin Hays
Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
But ignoring the safety of your guests could cost you everything that you own.
Robin Thornton
What Is A Good Amount To Have In Reserves?
22 September 2024 | 13 replies
If you just want to throw out a general amount for safety, I would say 15k, but there is a lot of good advice above on how to judge it.