Jorge Abreu
🏢 Property Inspection Checklist ✔️
8 May 2024 | 0 replies
I carefully inspect the brick or siding to see if there are any severe problems that may necessitate extra repairs or replacement.Sidewalks and resident profiles are equally significant.
John Lim
First property and STR loophole with bonus depreciation
5 May 2024 | 2 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Annwar Matani
How do Hard Money Loans work?
3 May 2024 | 3 replies
The latter, though more expedient, necessitates access to the property for interior assessment at the borrower's own convenience .
Roseann Koefoed
Solo 401k for RE Investing
2 May 2024 | 9 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Quiana Berry
Out of State Investing in Travel Nurse Rental Multifam
3 May 2024 | 32 replies
I only got into MTR because the LTR rates didn't support the higher rents necessitated by some extensive renovations.
Account Closed
Offering services to medium-term rental owners--general tips & local market questions
25 April 2024 | 10 replies
Heck, I even find joy in it when a squirrel eats a hole through the kitchen ceiling, the fire alarm blasts for no reason, and the tenant's kid secretly turns off the "do not turn off" switch to the heater, necessitating an emergency call to the electrician.Three years after retiring from freelance writing, I'm looking for my next act.
Larry King
Accelerated depreciation on primary residence turned STR?
21 April 2024 | 8 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
18 April 2024 | 3 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Yue Tian
AirBnb Expense Writeoff
18 April 2024 | 3 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Alex SImon
Ohio Cashflow LLC
21 April 2024 | 240 replies
Lingo from title company necessitated multiple emails.I wouldn't consider the above even hiccoughs.