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3 May 2024 | 30 replies
I have a W2 job in a high tax bracket, but we are planning on owning Airbnb’s that my wife actively manages along with her working as a real estate agent...Our goal was to have her materially involved so that we could write off potential losses against my W2 income.
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1 May 2024 | 2 replies
Think all the expenses and potential income of the property.
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1 May 2024 | 4 replies
And potentially you can open another LLC that is the Airbnb Business that rents from you as the owner to try and write off a little more and try and get a double tax break but it's twice the work.
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1 May 2024 | 13 replies
You might also meet someone that could be a potential business partner.
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1 May 2024 | 4 replies
Here, you'll be able to sift through potential callers on your own and maybe even try them out for a short time before making a commitment.
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1 May 2024 | 16 replies
Here are some insights and potential options to consider:Policy Limitations: It's not uncommon for mortgage lenders to have policies that only allow transfers to an LLC under specific circumstances, such as if the property is your primary residence.
1 May 2024 | 7 replies
Any pointers on how should I run numbers to compare two cases.Case 1: Rent home A, Buy Home B @7.5%, with potential refinance at 3.5-4% ( ifff thats feasible ) after 2 years, once the rates are down. ( i know high hopes , but I dont think 7.5% is the new normal ).Case 2: Sell the home, get equity out, pay the whole equity ( dont know if thats wise ) towards downpayment of home B, reducing loan amount to approx 320k.
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1 May 2024 | 14 replies
Make sure you have a solid team around you, and you feel comfortable evaluating potential deals.
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1 May 2024 | 3 replies
I would love to connect with Multi family investors, developers, etc. to potentially collaborate with while building my network.
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1 May 2024 | 8 replies
If you're hiring a property manager, then they should help place a potential tenant for you.