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20 October 2024 | 147 replies
If I were in his spot, I would fire all the agents who needed any hand holding and only keep people doing 20 deals on their own from their own leads.
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7 October 2024 | 20 replies
You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped.
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6 October 2024 | 1 reply
Marcus, you're spot on about the importance of embracing an investor mindset in real estate.
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7 October 2024 | 5 replies
My friend ran into some unexpected zoning issues when he started adding RV spots, which set him back a few months.Since this is your first STR venture, it might be helpful to connect with others who've walked this path.
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11 October 2024 | 30 replies
It’s extremely accurate and I cross referenced my cabins and it was spot on.
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9 October 2024 | 15 replies
I think that is the sweet spot.
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3 October 2024 | 6 replies
They're not the ones who sweated blood into the place, so no offense to management companies, but I can't see going above 10% or 15% at most, assuming nothing major happens etc.I will look into those calculators, thanks, good idea.
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9 October 2024 | 16 replies
Note if tenant had been there a few years, the walls get spot paint feathered to match.
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4 October 2024 | 11 replies
Any recommendation on hot spot location to search for properties for fix and flips??