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11 October 2018 | 13 replies
In other words, everything is possible without affecting the due on sale clause.Something else to add here, I'm going overboard but since you might be having a lot of looses you want to make your return audit-proof:You must materially participate to deduct any tax losses from your airbnb activity.Use of a management firm makes material participation less likely.Use of a management firm increases the possibility that you will not be involved in day-to-day activities, and that lack of involvement will cost you any claim of investor time for material participation purposes.The IRS questions whether drive time counts for material participation purposes, and the court in Toups denied drive time as material participation time.
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11 October 2018 | 2 replies
I'm actually a part of the Facebook group, but not active in it.
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1 December 2018 | 16 replies
I applaud you for being active so early in your life.
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18 October 2018 | 14 replies
I am active duty military currently, which is why most are near military bases, although I invest elsewhere as well.
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13 October 2018 | 13 replies
You can do it on the side and do a few deals here and there but to really get going you need to leave your full time job. just my thoughts. welcome, the columbus area is a really good market and a really strong community on biggerpockets, super active with tons of meet ups you can go to.
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19 October 2018 | 12 replies
There are a lot of SE WI investors and vendors who are active on the forums.
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12 October 2018 | 8 replies
I started flipping properties back in 2001 as a part time hobby, as I had a full time job and active family.
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11 October 2018 | 7 replies
@Ryan Johnston at this point it's probably not a bad idea to call your agent and go walk through the active comps looking at fit, finish, styles, etc of the rehab.
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17 October 2018 | 5 replies
Hey BP family I'm writing up this post because I am new to the Nashville TN market and would love to connect with other active investors.
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11 October 2018 | 1 reply
Readers are advised to seek professional advice.