To optimize your performance as a STR host, remain current on evolving technology and trends in the business.You obviously have a hectic schedule, but you can get through the process of buying and operating your first STR property with commitment, thoughtful preparation, and team support.

Hello all new to the forum,  Jim Rohnn,  Rich dad Poor dad ect , BP podcast reader/ listener My name is Joshua i have a house  13 years and a w2 worker married with 2 girls native of Colorado,  would like to invest/ buy and hold  properties. 

We are not hurting financially if we hold on and eat some losses, (it's great for tax season) so we aren't looking to drop prices any further. 

When I have clients contemplating the two, I look at holding plan (you already did this, so great there) and the difference in payment.

Identifying a d purchasing properties that are undervalued due to under market rents caused by owners with a lower purchase basis that are terrified of losing tenants and raising rents, will definitely provide you with immediate upside appreciation when adjusting rents to market rates as well as covering all your holding costs and a cash flow reward every month. 

The standard deduction is now $14,600 for single filers and $16,550 for singles 65 and older, McGuff says.Liddiard explains that NAR and other stakeholders are supporting raising the maximum exclusion levels by backing the More Homes on the Market Act, introduced in the House in September 2022.

I’m open to single family or multi family long term hold.

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

Investment Info:Large multi-family (5+ units) buy & hold investment in Jacksonville.

Investment Info:Large multi-family (5+ units) buy & hold investment in Jacksonville.