Some of the trappings of Owner OCC investing that get overlooked a lot are things like appliances and curtains and furniture...

Hey guys,I just went through Chris Chico's Virtual Wholesaling Program and he recommends using a 800 # with an extension on his direct mail campaign for sellers to call and leave a message.

There are some good free programs where you can reconfigure rooms, drag and drop furniture, etc.

Originally posted by George Paiva:Did you know that:Landlords can greatly increase the depreciation deductions they receive the first few years they own rental property by using segmented depreciation.Careful planning can permit you to deduct, in a single year, the cost of improvements to rental property that you would otherwise have to deduct over 27.5 years.You can rent out a vacation home tax-free, in some cases.Most small landlords can deduct up to $25,000 in rental property losses each year.A special tax rule permits some landlords to deduct 100% of their rental property losses every year, no matter how much.People who rent property to their family or friends can lose virtually all of their tax deductions.If you didn't know one or more of these facts, you could be paying far more tax than you need to.

Then you wonder with that kind of down payment, maybe it makes more sense to invest in real estate elswhere...Coming from a pure cash-flow investing environment like Japan, with very little to no capital growth (which is fine with me, I prefer high and reliable income), I still struggle to wrap my head around the fact that so many people will bet so much money on virtually unknown speculation moves with little to nil income until realisation can occur (if at all) 3, 7, 10 or 15 years down the track (or not) - particularly after the last few years of financial roller coaster...can anyone explain this rationale to me?

They have no money as far as I know, they have barely any furniture in the house I have a feeling they are waiting to get taxes then move on but are just not telling me they are saying they can’t pay and won’t leave.

For nonresidents, the property tax rate is about 1.4% plus a funny tax on your furniture etc., which costs you about 200 dollars a year (you even need to file a small return for it).For daily rental you get 50-60% split on the revenue.For weekly rental you get 80% split on the revenue.My own experience there is only with daily rental from which the income is very low (about 3%) because of high POA fee and high tax rate.I heard from a friend that weekly rental generates a lot more income for him.

Does he have furniture?

Under virtually no definition are pythons classified as pets.

So, I'm hoping by being more active here I'll get that virtual kick that I need to make something happen.