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6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.
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14 February 2025 | 19 replies
Most professional agents set a minimum dollar theyll do at these price points that will be substantial.
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21 February 2025 | 15 replies
Over the past decade, Columbus has attracted substantial investment from tech giants like Intel, Google, Amazon, and Facebook, which have collectively committed over $50 billion to developing data centers and semiconductor manufacturing facilities in the area.
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23 January 2025 | 2 replies
The property was impacted by hurricane Helene and there is no substantial damages letter issued (yet?)
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28 January 2025 | 2 replies
You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.
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11 February 2025 | 25 replies
Support has gone down substantially imo while costs have gone up. big issue for us was the announcement lady year that tenant ACH payments were going from free to $2.50/pop, or you can cover it for $1/unit but you have to do all doors and can’t pick and choose (despite there being a beta that they announced, told me I could join, then later told me I couldn’t join bc it was too late and blamed me for not asking sooner when I literally asked right away and followed up repeatedly).
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16 February 2025 | 9 replies
Most people with a substantial amount of money don't get impressed by a resume.
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30 January 2025 | 13 replies
But I'm getting substantial pushback from family exactly for being on-call like that for so long.
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24 January 2025 | 6 replies
The substantial cash need for large down payment or all cash that most others don't have .
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24 January 2025 | 8 replies
Best to hire it out, even though it hurts the margins, it saves my time and stress substantially.