David Lund
What’re your goals for 2023? Let’s motivate one another!
9 May 2024 | 107 replies
I am going to generate enough cash flow that will fund my next 3 purchases dedicated to travel nurses.
Lisa Burns
What's it really like to be a commercial MF syndicator? Will I be sorry I tried?
6 May 2024 | 23 replies
Over the past six months, I've dedicated myself to studying diligently.
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.
Account Closed
What activities actually matter for real estate professional status? (REPS)
4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.
Justin Parham
Atlanta Investor, STR host, and Real Estate Videographer
3 May 2024 | 5 replies
Additionally, I helm Parhamade Productions, a real estate photography and videography company dedicated to showcasing the allure of short-term rentals.
Lamar Athill
Best advice for first rental property
4 May 2024 | 18 replies
Define your investment goals, familiarize yourself with related terms, evaluate your financial situation, begin small, investigate markets, establish investment standards, cultivate professional connections, carry out exhaustive due diligence, investigate funding alternatives, and determine whether to manage the property on your own or by hiring a property management company.Decide what you want to achieve—stable cash flow, long-term growth, tax advantages, or all of these—and dedicate some time to learning about them by reading books, using the internet, taking classes, and attending seminars.
Dave Craig
Options for financing the remaining balance after taking over an assumable mortgage
2 May 2024 | 1 reply
I'm hoping there are options that allow me to leverage the good rate on the assumable amount and not dedicate so much capital to the deal.
Danae Pitcher
Property Management - What Do You Look For?
3 May 2024 | 8 replies
We have a dedicated Owner Ambassador who responds to owners.
Anthony Talley
first post on BP
2 May 2024 | 0 replies
Our team is committed to delivering the project on time and within budget, while maintaining the highest standards of quality and craftsmanship.Conclusion:A E Talley Construction LLC is dedicated to revitalizing historic row houses in Philadelphia through thoughtful renovation and restoration projects.
Brent Logsdon
Bookkeeping software mgt
1 May 2024 | 7 replies
It is the most popular software in the industry and all CPAs know how to navigate it which is nice.At the bareminimum, you should do the following to make your bookkeeping easier:1 Dedicate onechecking account and credit card exclusively to real estate.