
5 May 2024 | 2 replies
I have another property that was an Airbnb for 7 years (now is a LTR) and for 2 out of the 7 years, it met all the criteria for the STR ‘loophole’ to apply and I was able to offset losses against W-2 income.

6 May 2024 | 11 replies
The ones I have heard of/tested are as follows:Beyond Pricing, PriceLabs - are automated pricing toolsLodgify - is strong in website development (if you want to drive direct bookings) but from what I viewed are not as strong in the management toolsYourPorter - Cleaner communication toolOneRoofTop - decent tool set, heavy lifting, questionable sustainabilityMyVR - expensive but decent tool setBookerville - their customers love them, their technology appears to be old school (so does their name)I too am on the hunt for a solution because I want to become more passive, moving away from the daily grind of working "in" my business so I can work "on" my business.

6 May 2024 | 6 replies
I am looking to purchase my first multifamily investment property via seller financing and wanted to see if there is anyone who purchases deals creatively like this often or has done so in the past and wouldn't mind helping me get started in the right direction?

6 May 2024 | 10 replies
I didn't do an exhaustive search, so this location is just an example.I'm considering either Reno or Las Vegas, but Las Vegas looks like a better location for this, since it has more direct flights to other international airports, and has more visitors to generate STR income.

6 May 2024 | 18 replies
Property managers over in our direction don’t even get vendors out to do bids for a week or two after the vacancy.😢

5 May 2024 | 17 replies
Schedule E).So, the STR rental still goes on Schedule E (not C), but the checkbox they're referring to is not on Schedule E because the difference in how STRs with material participation (the "STR loophole") is not on Schedule E, it's a difference in how it's handled on FORM 8582, which is where the passive activity loss rules are applied.

6 May 2024 | 25 replies
For me it’s so much easier to deal with the listing agents or wholesalers directly.

6 May 2024 | 4 replies
I asked her to send it certified mail and did not comply with those directions and sent it regular mail for her late rent.

5 May 2024 | 8 replies
@mike @Mike Dymski NEVER move money from a checkbook IRA LLC directly to another retirement plan.
5 May 2024 | 7 replies
One of your biggest challenges will be separating all the online fluff from reality.EXAMPLE: several S8 "gurus" have already been exposed as frauds, but unfortunately, they sucked in thousands of investors.You're an engineer, use your education & experience to start building up a logical approach to investing in rentals:)Start with this:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.