Patryk Sommer
Palm Harbor Innisbrook live in / Short term rental
13 March 2019 | 8 replies
@Mike Hibbs I did not end up buying a condo due to the condos in Innisbrook being classified as a condo-tel meaning I was not able to get a conventional loan and leaders I talked with required 30% down on them and at an 5 or 7 arm.
Kyle Seidel
Why doesn’t short term rental income count as income in DTI ratio
6 August 2022 | 28 replies
I guess if every single lender classifies short term rental income as $0 this would be how I’d have to do it...
Casey C.
How did you agree on equity when using OPM? Esp friends & family
7 August 2021 | 4 replies
I wouldn't classify myself as a successful real estate investor yet.
Marek Los
NJ Resident looking to buy first house in Philly
15 August 2023 | 9 replies
Just to be clear, I have no problem paying my fair share of any profits to the city but I don't want to become classified as a Philly resident so that my regular W2 gets hit with the city tax, that's my primary concern.
Ray Widdison
My property taxes in SC are going from $2,680 to $8,680
26 July 2018 | 3 replies
You have to spend 51% of your time their for it to legitimately be classified as a primary residence.Other than that, you best bet is to just get it sold before the end of the year or whenever your county's taxes are due.
N/A N/A
New member intro.
4 December 2006 | 5 replies
My next choice for locating deals would be combing the classifieds every day.
Paul Rinaldi
Should I launch my REI Career in a distressed area?
28 April 2011 | 13 replies
Although, at least in Michigan, legally you can only do 3 deals before you are classified as doing real estate as a primary vocation or business and need to be licensed.Any way you look at it....to be successful in real estate you will need to do your homework and put in the effort.Bill
Jeremy Merwarth
What do you look for in an Realtor you work with?
25 August 2011 | 13 replies
Btw, I found mine in a classified ad in the sunday newspaper with a little ad that said " Hud Agent, Call me."
Chris Speights
Targeting Houses/Neighborhoods
13 October 2009 | 18 replies
If you're okay with getting leads from all over the city or county and wholesaling them, then run general ads like signs and classified ads.If you want leads from certain neighborhoods, then use targeted ads like flyers and direct mail.So really, just decide where the easiest place would be to find deals you could get a bargain on, or that need repairs, and where you would easily be able to find an investor to wholesale them to, then choose your marketing around that.Ask your buyers list what areas of ton are their favorite places to buy.I would probably run bot kinds of ads.
Chris Haas
Does getting licensed affect your earned income versus passive income status?
8 October 2013 | 13 replies
Please consult your CPA and ask about the requirements & effect of being classified as a "real estate professional" on your specific situation.