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26 November 2024 | 0 replies
Alternative strategies: Are there techniques or approaches better suited to markets like this where rents are so low relative to property prices?
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26 November 2024 | 1 reply
Were you able to find a way to make that income count, or did you pursue alternative strategies to qualify for financing?
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19 November 2024 | 9 replies
What is the best alternative flooring that you would recommend?
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28 November 2024 | 9 replies
Consult a real estate CPA or tax attorney to assess if the benefits outweigh the fees and risks for your situation, and consider alternatives like 1031 exchanges or installment sales for simpler strategies.This post does not create a CPA-Client relationship.
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2 December 2024 | 21 replies
Alternatively, you can use your home's wealth to pay down other expenses, thus improving your cash flow to handle your mortgage payments.
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27 November 2024 | 7 replies
Directing the traveler to pay outside of Vrbo Directing the traveler to contact you via social media Providing alternate booking methods that avoid paying any fees to Vrbo As a reminder: all communication, payments, and bookings must be made via the platform through our secure checkout.
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30 November 2024 | 16 replies
@Mic Salvador,Doing BRRRR out of state is going to be pretty tough, unless you’re willing to move there and live on-site for the duration of the rehab and leasing process.I run a turnkey operation out in Alabama and I saw that @Min Zhang already recommended turnkey as a possible alternative—have you given that any thought?
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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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27 November 2024 | 4 replies
Electric and natural gas service may not be discontinued while you are in possession of your unit.
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26 November 2024 | 5 replies
What alternative method(s) would you recommend for beginners?