Robbie Shiver
Short Term Rental Alternatives? Need Help/Ideas
15 November 2024 | 17 replies
Robbie - first thing that comes to mind is renting out the rooms individually on shorter term leases (co-living model).
Erol Shashaty
Real estate friendly bank
14 November 2024 | 22 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
Joe Barty-King
What are the best ways to find cash buyers/investors?
13 November 2024 | 13 replies
They have nothing to lose by you sending them a potential deal.Real Estate CrowdfundingOne of the biggest challenges to finding cash buyers, especially in hot markets, is that many individuals have limited capital.
Jonathan Greene
Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
It was left up.This particular individual would have really went off and done personal attacks if anyone would have been bold enough to challenge what he was doing openly.
Marc Shin
Putting STR into service at end of year vs beginning of next year
12 November 2024 | 7 replies
This is where good tax planning really pays off—not only can it help you maximize these benefits and reduce your tax bill, but it can also help determine if paying for cost segregation is even worth it for your individual tax situation.
Timothy Blackman
First time home buyer loan advice.
14 November 2024 | 22 replies
Timothy,General advice, not specific to an individual market, city or state.
Karl Kauper
Are there no actual property owners on BP?
15 November 2024 | 18 replies
How to set keyword alerts on BiggerPockets here: https://app.tango.us/app/workflow/Setting-Up-Keyword-Alerts-on-BiggerPockets-bf910b235a4a4d2fbcbffafaa0fe3cf7If you set keyword alerts you're more likely to find others talking about your area and I suggest reaching out to them individually if they seem knowledgable 2.
Blaise Peterson
Career advice for my daughter
11 November 2024 | 14 replies
With exception of the accountant, these individuals did not go to college with these careers in mind.She can use my properties to suppliment her income without a lot of work and, in my opinion, have a lot of fun doing it.
Ryan Leake
Navigating STR Loophole Tax Strategy: Success Stories and Cautionary Tales
18 November 2024 | 47 replies
Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.
Allan Yeung
DSCR vs Cash Out Refi
13 November 2024 | 12 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.