Michael Plaks
The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.
Jennifer Wood
Best Way to Fund Reserves
22 September 2024 | 8 replies
Plus 90% of repairs can be put on a credit card.
Dana Sutton
Current investment live in
19 September 2024 | 2 replies
If you have five houses with $200,000 equity, that's a cool million.
Khaled Seirafi
Reasonable Agent Commission
20 September 2024 | 7 replies
Will they find the property send you a contact and then a thank you card or will they provide resources for tenant improvements, get tenants, stabilize the units, plan for the exit etc...
Nick O.
STR Cost Seg/Bonus Depreciation Buying with Partner & other non-RE related income ?'s
23 September 2024 | 14 replies
Prior Participation Test: The individual materially participated in the activity for any five taxable years (whether or not consecutive) during the ten taxable years that immediately precede the taxable year.6.
Sanjeev Advani
Long Beach Turns to Refurbished Queen Mary for 2028 Olympic Tourism
19 September 2024 | 0 replies
City officials plan to make the Queen Mary a centerpiece of their Olympic tourism strategy, alongside hosting five Olympic events.In addition to refurbishing the ship, Long Beach is developing its downtown and waterfront areas, including a new amphitheater and commercial spaces.
Evan Kline
Our 10x strategy, and why we (kind of) stopped investing.
22 September 2024 | 6 replies
And with the five investments we made in good parts of our town, that even if all our efforts in the business didn't pay off, in 20 years we'd still have a nest egg of equity we could fall back on.
Michael Quarles
What Happened to BP?
24 September 2024 | 27 replies
Yes, I live in Amsterdam, and have for five years.
Andrina Maximin
Has anyone used a DSCR Loan, what are your experiences with loan product?
18 September 2024 | 15 replies
There are a lot of assets in Columbus that are basically turn key properties, and even if you have some minor renovations (5k-10K)I would recommend trying to go after an interest-free credit card AFTER you are approved and close for your loan.