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4 May 2024 | 2 replies
We are fully booked for high season (Dec-March) through 2026.I know this is not the typical investment, so totally appreciate any advice anyone may offer.
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4 May 2024 | 2 replies
I kept meaning to buy for a few years, but I’ve been simply overloaded with a startup.My current country prevents me from purchasing property (non-citizen), and doesn’t offer fixed rate mortgages - the floating rate is high rate at 7%, and has been about this the last 20 years.
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4 May 2024 | 9 replies
These places will be more expensive, for a reason.Now I do think that there is some opportunity in certain areas of upstate NY for short term rentals, however upstate NY is not a well established travel destination so your occupancy will probably be low and highly seasonal but this method is viable.
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4 May 2024 | 0 replies
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4 May 2024 | 19 replies
Yes, today with the high prices and high interest rates it is harder , but still not impossible.
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4 May 2024 | 35 replies
I think this tenant is starting to come across as high maintenance and this was just another thing piled on top of other things.Nearly every day she has asked me to do something.
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4 May 2024 | 10 replies
If it was my thing, ever high was in like new condition, and it fit the theme I was going for maybe I’d pay $5-$10k more for it to be setup?
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4 May 2024 | 3 replies
It is very high chance that I will be negative cash flow due to increase property insurance and HOA.
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4 May 2024 | 1 reply
I think the price is too high, but it works perfectly and doesn't require much thought.
4 May 2024 | 3 replies
Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.