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26 February 2020 | 6 replies
Here is what you need to be able to classify yourself as a Real Estate Professional.Note: I have 20 rental houses, rehab and flip houses have a Vrbo Lake house that I manage and I am can't classify myself as a Real Estate Professional because I have a day job.According to the IRS, to qualify for REPS you must meet both of the following conditions:More than one-half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.
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26 February 2020 | 5 replies
I never judge an area based on first year performance, it is expected that first year performance will be rough as you try to establish your Airbnb account and gain reviews and deal with costly upfront expenses.
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2 March 2020 | 8 replies
After 2 years of hiding things, the GP and Syndicator tells Investors that the property is not performing and only 60% occupied and banks are after to foreclose.
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8 April 2020 | 63 replies
The medic was in view the entire time and performed no safety/decon procedures to ensure there was no possibility of transmission from the reporter to the next guy.
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13 March 2021 | 4 replies
It could give a good boost to the local market and if you are able to buy for the right price now, it could prove to be a good investment.
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27 February 2020 | 23 replies
I agree with others, install a high performance bath fan since this is an going problem.
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2 March 2020 | 28 replies
Also, the labor partners just didn't perform as we expected them to.
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27 February 2020 | 11 replies
Get credit for my rent paymentsI am really trying to leverage my time as a student to help boost a healthy credit score but I want to make sure I am planning the appropriate requisite actions.
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28 February 2020 | 1 reply
Either way we choose a structure that would give a balloon payment 3 years down the line figuring that I could get the asset performing to that level by then to make the numbers make sense.
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3 March 2020 | 11 replies
In our dealings with helping other investors we have found that some are happy dealing with B asset class performing at 6 caps or higher while we also find some others who are ok with dealing with D asset class properties that can perform at 15-20 caps.