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7 December 2020 | 12 replies
So I have to ask, are you at the natural limits of the model?
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13 May 2021 | 31 replies
To kind of piggyback on a lot the other's insights.With a lot of things in real estate, it goes through cycles, and Notes and Tax instruments are no different.In that every couple of years, a guru will hype up the "passive" nature of Notes and Tax investments, and how you can buy properties for "pennies on the dollar!!".
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17 January 2021 | 39 replies
I come from an IT background so it was somewhat second nature for me to try using internet archives.
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4 December 2020 | 4 replies
It’s natural gas now and I have no idea what hennit was converted.
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7 December 2020 | 8 replies
Once you have that mentality that you aren't too proud to do anything, find one or two friends who naturally have what you don't, be that money, experience, or moxy, and form an LLC to buy and hold houses.Even if you and your friends get the worst deals in the world and you're only able to afford one property a year, if you simply buy and hold houses, by the time you're 35, you'll have 17 properties bought and rented.At that point, you and your partners can dissolve the business, split the properties, and continue to accumulate properties solo.
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9 December 2020 | 63 replies
The natural thought here is they got a higher offer.
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7 December 2020 | 1 reply
I want to be able to have access to certain parts of the MLS and not wait around for my realtor whenever I want to see a house is my main motivation, but I was in sales before my transition to IT and also had the idea of becoming a showing agent or something of that nature to get me more natural exposure to the market and for a way of networking.
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9 December 2020 | 3 replies
@Andrew SchraderRental income is passive in nature and does not qualify as a business to sponsor a Solo 401(k) or the type of income to contribute to a 401(k).Schedule E passive income is good.
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7 December 2020 | 1 reply
From the rough outline that I have been provided, it appears that a condo complex will be ineligible if any of the following apply:- Is transient in nature, offering hotel type services (including those offered by the HOA or management company) such as registration services, rentals on a daily or short-term basis, daily cleaning, central key systems, etc.- Is professionally managed by a hotel or resort management company that also facilitates short term rentals for unit owners- Has obtained a hotel or resort rating for its hotel, motel, or resort operations through hotel rating providers including, but not limited to, travel agencies, hotel booking websites, and internet search engines.- Projects or HOAs that are licensed, or have a designated licensed agent, have a permit to operate, or are registered, as a type of transient housing for the rental of non-HOA owned units.- The HOA receives revenue from, or pays expenses for, hotel type services including a registration desk/rental registration desk, or an onsite rental operator's desk, or a rental website/hosting platformI would imagine, just like in Destin, FL, that there are plenty of cities across the country where there are front desks and management companies running a large majority of the STRs in their complex.
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7 December 2020 | 0 replies
From the rough outline that I have been provided, it appears that a condo complex will be ineligible if any of the following apply:- Is transient in nature, offering hotel type services (including those offered by the HOA or management company) such as registration services, rentals on a daily or short-term basis, daily cleaning, central key systems, etc.- Is professionally managed by a hotel or resort management company that also facilitates short term rentals for unit owners- Has obtained a hotel or resort rating for its hotel, motel, or resort operations through hotel rating providers including, but not limited to, travel agencies, hotel booking websites, and internet search engines.- Projects or HOAs that are licensed, or have a designated licensed agent, have a permit to operate, or are registered, as a type of transient housing for the rental of non-HOA owned units.- The HOA receives revenue from, or pays expenses for, hotel type services including a registration desk/rental registration desk, or an onsite rental operator's desk, or a rental website/hosting platformI would imagine, just like in Destin, FL, that there are plenty of cities across the country where there are front desks and management companies running a large majority of the STRs in their complex.