12 March 2020 | 0 replies
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that can offset up to 25,000 active income assuming i claim active participation (I am not a real estate professional and I know I cannot claim "material participation").
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1 July 2020 | 24 replies
The savvy airbnb owners were already shifting to target the contract medical professionals, insurance claim people and other "longer term" short term renters.
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16 March 2020 | 7 replies
It is an unrealistic proposal to expect there is a way to sanitize an area like a normal residence.If there WAS a way to sanitize a public area effectively, we would have many fewer deaths at hospitals because of the contagion at hospitals.Broom clean is good enough!
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12 March 2020 | 0 replies
Hi everybody,I have a question about Dr Cashflow, the program to rent 3 bedrooms in a (fully furnished) 3-br unit to the Federal Government to house disabled people.The sales hype seems to claim 3 times market rent compared to the same unfurnished unit rented to a family.Are you achieving 3 times the market rent for a 3 bedroom (or is this sales hype as in one guy did it one time kind of thing)?
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13 March 2020 | 3 replies
Please please do not ever use a quit claim for anything except in divorce where one party relinquishes claim (quit claim).Always use a warrantee deed in both directions AND best to do this at the same attorney that closed this in the first place who issued the title insurance.
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10 November 2021 | 12 replies
In that case, can I claim the tax deduction ?
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15 July 2020 | 20 replies
The contractor is probably outside of his ability to lien your property, so he can't tie up your equity, which leaves bringing a lawsuit - possibly small claims.
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25 March 2020 | 1 reply
They claim to not be a turnkey company and they want to work with you from start to finish and even help you manage your property.
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17 March 2020 | 20 replies
If the items were small cosmetic issues, I would let it slide..... if these are big tickets items that they are claiming to have fixed but didn't , then its not a company I want to work with..... they are lying to your face and hoping you don't notice or don't care....
13 March 2020 | 2 replies
Also, a non-owner occupied loan over $650k at 4% is probably unrealistic unless I'm talking to the wrong lenders.