Nicole Cotrino
Questions re cost segregation study for STR
29 October 2024 | 11 replies
Ask your potential accountant do they own rental properties, do they specialize in real estate taxation, how many years of experience do they have, etc.Good luck.
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
This in my experience is across the board with tenants, specially those who aren’t paying their rent on time.
John Carr
First Time House hack, Do I need more help then my HR Block tax person
23 October 2024 | 19 replies
Since I make well more then my daughter, the plan was for me to claim the house for any tax breaks.Question is, will we need a more specialized tax professional then the HR Block person I've been using for 20 years.
William Santos
Newbie Investor Here!
24 October 2024 | 6 replies
I specialize in investments in Scranton, PA and am more than happy to help in any way.
William Coet
Whats better than this return?
28 October 2024 | 7 replies
Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.
Ryan Kline
Seeking assistance with setting up Illinois Land Trusts, Illinois LLC, Wyoming LLC
25 October 2024 | 6 replies
I'm looking for recommendations on:- Experienced attorneys or firms that specialize in forming LLCs and trusts in Wyoming and Illinois.- Insights on the best practices for structuring these entities for optimal asset protection and tax efficiency.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!
Zachary Hadjah
Any investors using Lease options/Rent to own agreements?
26 October 2024 | 4 replies
Did you have to incorporate a special tenant screening process?
Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
1 November 2024 | 48 replies
Could I have an avg. rent of 4.33 days, outwork everyone (cleaner) by a substantial number of hours and not offer substantial services other than certain guest special request and meet the exception.Does the IRS consider all the marketing, accounting, bill paying, guest communications (daily inquiries), market research, pricing, real estate purchase, taxes, supply ordering, maintenance/ cleaning set ups, and a thousand other things we do yearly to keep the STR going as hours toward material participation?
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
Free market is good when some chosen/special folk benefit from it.
Alex Guerrero
Is it better to list my house myself vs going through a realtor?
31 October 2024 | 29 replies
Without doubt int his market a property can sell itself, so can my car, or a can of soda, if it's an awesome enough deal right, so nothing special there.