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4 March 2020 | 5 replies
Hello BP members, I am diving into the numbers for some potential deals, and I am looking into whether I should charge for electric/utilities.
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4 March 2020 | 0 replies
I eventually transitioned to Airbnb and rent the place out on a nightly basis.
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9 March 2020 | 62 replies
I don't see the real estate market flipping over night to deals everywhere, but as a wise man once said, "future is difficult to predict, because it is always changing".
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5 March 2020 | 3 replies
Generally if you average 7 or fewer nights or 8-30 nights and provide "substantial" services such as tours, house cleaning during a stay, meals, etc you DO have to pay self employment tax.Kudos to this CPA site (tarlow. com/2018/01/02/tax-ramifications-short-term-rental/):"When property is rented for short periods, special (and sometimes complex) taxation rules come into play, which can make the rents excludable from taxation; other situations may force the rental income and expenses to be reported on Schedule C (as opposed to Schedule E).If you have been renting your home or second home for short periods of time, here is a synopsis of the rules governing short-term rentals so you can prepare yourself for the upcoming tax season.Rented for Fewer Than 15 Days During the Year: If you rent your property for fewer than 15 days during the tax year, the rental income is not reportable, and the expenses associated with that rental are not deductible.
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6 March 2020 | 5 replies
I helped him clean the place up last night and have plans to meet him and the potential buyer at the property tonight.
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21 November 2020 | 35 replies
We just had a meeting last night.
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29 January 2022 | 22 replies
I check emails in the middle of the night, answer phone calls on my personal cell and constantly am available for my clients.
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7 March 2020 | 9 replies
I’m actually finally going to dive into multifamily (apartments) investing.
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6 March 2020 | 3 replies
Hello everyoneWe would like to dive in the real estate investment world somewhere, US or Canada...My husband and I currently live in the US with visas so we are both resident aliens.
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6 March 2020 | 9 replies
Upgrading the units would dive of the rent and price the current tenant out and the neighborhood would not attract the higher rent paying tenant.