
6 February 2025 | 7 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

24 February 2025 | 147 replies
Sidenote: I am a note investor and play in this space as my full time job, so I am not some crackhead.

12 March 2025 | 13 replies
High-end furniture, premium mattresses, and a full kitchen setup can increase costs, but prioritizing durability and guest comfort—such as a high-quality king bed, sturdy sofa, and reliable appliances—can enhance the guest experience and drive better reviews.From a tax perspective, furnishings and appliances are depreciable assets, but how you deduct them depends on cost and timing:Items under $2,500 per unit can be expensed immediately under the de minimis safe harbor election (timing of when placed in service may result in the need to capitalize).Larger purchases above $2,500 typically must be depreciated over 5 or 7 years using MACRS.Bonus depreciation (60% in 2024, 40% in 2025) allows accelerated write-offs for qualifying property, including furniture and appliances.Section 179 may allow immediate deductions for certain furnishings, but eligibility depends on taxable income.Since you plan to materially participate in 2025, STR losses may offset W-2 or other active income.

22 February 2025 | 5 replies
Both tenants just moved out.I just got a bid to correct the foundation the right way by the most reputable company I could find (full underpinning, 60+ piers) ~$65k, plus costs of repairing drywall, paint, vacancy, and new flooring.

11 March 2025 | 13 replies
Because on average, we can only remember three things at a time.

6 March 2025 | 30 replies
Vacant does not always equal legally abandoned, even if the property has been vacant for a long time and has significant deferred maintenance.

17 February 2025 | 10 replies
Having said that, I think 1-2 wholesale deals a month while working a full-time job would be ideal to start and ramp up as I get more experience.

13 February 2025 | 5 replies
@Ty Coutts I agree it's to high , searching for new lenders or PML , I didn't account for maintenance because it was basically a full gut , everything is brand new.

5 March 2025 | 8 replies
It will take time.3) Property management companies, chamber of commerce meetings, local commercial RE brokers, etc are all additional options to network and find people who do deals.

18 February 2025 | 1 reply
What could be a factor not showing up in the data is timing.