Maggie B.
Section 8 a good idea?
1 October 2024 | 6 replies
Your comments about acquiring real estate in strategic locations and wanting to rent to voucher recipients for the benefit of guaranteed rent may be at conflict with each other.
Ben Stanley
How do people invest in real estate while working a full time job?
1 October 2024 | 37 replies
I did acquire some rentals as well but had property managers handle all aspects of that.
Matthew Estrada
Lessons Learned: My Experience with The 'Flip System'
30 September 2024 | 47 replies
You can even see Antione wearing the hoodie I gave him in some of his videos.
Josh Hollman
Strategy to obtain 2nd rental & rid of cc debt
1 October 2024 | 10 replies
When you say a man in debt is a slave, are you referring to debt used for personal items, or are you including debt used to acquire income producing or capital appreciating assets also?
Jimmy Rojas
Advice applying for a home mortgage with 1099 forms but no tax returns
30 September 2024 | 8 replies
Would love to take a look at your situation and find the most advantageous way for you to starting acquiring properties.
Shyam Subramanyan
Cost Segregation for STR properties acquired in 2018, 2021, and 2022?
25 September 2024 | 18 replies
@Shyam Subramanyan Yes, you can perform a cost segregation study on your STR properties for the 2023 tax year, even for properties acquired in 2018, 2021, and 2022.
Karac Davis
Best way to get started
29 September 2024 | 2 replies
Example - could you increase ash flow by acquiring a SFH near a college campus but charge rent by the room?
Jack Mi
What do you all think about this deal?
30 September 2024 | 5 replies
Not a fan of loan guarantor fees in general.Sponsors track record in these types deals across multiple economic cycles (when I see these types of deals, I mean acquiring new construction multifamily in the area)I am sure if I saw the deck, I would have at least a dozen more questions.
Daniel Loane
Filing taxes: when to expense vs capitalize for vacant rental property
27 September 2024 | 9 replies
For context, (1) the property was in poor condition when I acquired it, and (2) I’m a passive real estate investor.Here are my expenses:- Travel (~$2,000) and meals during travel ($500)—I understand only 50% of meal costs are deductible.- Gardening maintenance (just to prevent the grass from getting too high, not an improvement).- In-year tax consultation ($300).- Commission to my buyer’s agent ($300).- Insurance premium ($1,000).- Insurance deductible following a claim ($1,000).I believe the property won’t begin to depreciate until it’s in service, which seems to align with how TurboTax is set up.
Jay Sloan
Anyone had experience with CPA? Peter harris?
1 October 2024 | 24 replies
I am looking to acquire a commercial property.