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4 March 2020 | 5 replies
@Emmanuel Cedeno the Rhode Island Association of Realtors (rirealtors.org) is a great place to start.You’ll need to take a mandatory 40 hour pre-license class for new agents and while you may possibly be able to take the class elsewhere, I do recommend taking them in person from RIAR since it’s very “educational” to also interact with your fellow new Realtors.If you already know an agent or two, ask them if they really like their brokers.
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5 March 2020 | 3 replies
Generally if you average 7 or fewer nights or 8-30 nights and provide "substantial" services such as tours, house cleaning during a stay, meals, etc you DO have to pay self employment tax.Kudos to this CPA site (tarlow. com/2018/01/02/tax-ramifications-short-term-rental/):"When property is rented for short periods, special (and sometimes complex) taxation rules come into play, which can make the rents excludable from taxation; other situations may force the rental income and expenses to be reported on Schedule C (as opposed to Schedule E).If you have been renting your home or second home for short periods of time, here is a synopsis of the rules governing short-term rentals so you can prepare yourself for the upcoming tax season.Rented for Fewer Than 15 Days During the Year: If you rent your property for fewer than 15 days during the tax year, the rental income is not reportable, and the expenses associated with that rental are not deductible.
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8 March 2020 | 6 replies
I am still not 100% sure exactly what job I will use my degree for, but am will narrow it down as I go to college with my G.I. bill.
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21 March 2020 | 42 replies
I ran some analysis a few months back where I discovered that the cost associated with selling & 1031 roughly reduces the short-term return by 3% annually.
4 March 2020 | 7 replies
@Brianna Taylor I would find the nearest Tenant's Association and get help from them.
5 March 2020 | 1 reply
My retirement account—learned about this in my Shreveport Bossier Real Estate Investment Association.
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12 March 2020 | 75 replies
My background is the aviation industry, with a degree in engineering.
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9 April 2020 | 26 replies
If that pm happens to be associated to a turnkey operator, all the better.for OOS investing, the best deal can go south with bad pm.having said that, I can recommend wilmoth group for PM. and while I have yet to close a deal with hrre I plan to because I met with shecky and team. they run a tight ship.
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12 March 2020 | 14 replies
I asked him during an interview how he did it, and he said “regularly attending local events.”Attending local RE meetups and Real Estate Investment Association meetings is one way.
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10 March 2020 | 20 replies
@Lee Nestlerode, definitely run a background check as there is a high degree of variability in the quality of sponsors out there.