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30 May 2024 | 13 replies
I've considered doing MTR to travel nurses with the other rooms (would need to furnish the bedrooms).
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31 May 2024 | 42 replies
Thanks @Michael PlaksIf there can be immigration issues then I need to resolve this and file before Oct 15 😚Here is my action plan: 1) contact the GP CPA and confirm that the loss is passive for LP 2) share the response with my CPA, include excerpts from IRS pub 925, IRS PAL ATG, other online resources which confirm that the loss is passive 3) If 2 fails then propose 3-way call including GP CPA4) if 3 fails then furnish a letter from a tax attorney to confirm that the loss is passive 5) if 4 fails then try turbo tax or hrb and suspend the loss using form 85826) if 5 fails then let the oct 15 deadline pass and then file before dec 31Already contacted the GP CPA.
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30 May 2024 | 17 replies
The only I'm aware of is furnished finders.
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30 May 2024 | 27 replies
Our plan for this first investment property is to do a long-term rental or maybe midterm rental (furnished finder).
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29 May 2024 | 5 replies
Is it furnished?
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1 June 2024 | 48 replies
Once they agreed here’s how it was broken down:The home was fairly furnished with little to no work.
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28 May 2024 | 10 replies
If you don’t mind having it only in the Summer—June and July—you could rent to NAU grad students or undergrad.My wife and I do that, they sign a 10 month lease and get a nice 3/2 fully furnished SFH.
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28 May 2024 | 5 replies
And I’m sure I’m missing some expenses (repairs, taxes, insurance, etc.)Still my first year in this scenario would simply pay for furnishing the house in the first placeIncome - $3,315Mortgage - $1,450Utilities - $35020% management fee - $520Even this best case scenario would only net me $1,000 a month, and honestly, I would want more to make it worth it.
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27 May 2024 | 6 replies
I'm not sure if you're house hacking, but commonly suggested marketing sites for long term rentals are zillow, apartments.com, and Facebook.If you're interested in doing short term rentals Airbnb, VRBO, Booking.com, and Furnished Finder.I hope this helps!