Forrest Brown
Hold and Rent OR Sell and Invest Out of State
3 May 2024 | 25 replies
(Not really a surprise that CA makes life a little harder)The California Franchise Tax Board will require that you file a new form every single year (Form 3840) in which you detail what you did with your sale proceeds, where they are invested, and whether you ever recognized income from your sale or any subsequent sale.
Greg Garza
Breaking into the Industry
5 May 2024 | 17 replies
I just got back from deployment about a month ago and have focused a lot of my spare time on catching up on personal matters and setting up my business.
Caleb Sonneman
420 Smokers Applying for Rental
5 May 2024 | 8 replies
I have nothing against smokers personally, but do not want that smell to be imprinted on my property, long after they are gone.
Roger Lee
MA - Offering hosting, co-hosting, and PM services
5 May 2024 | 2 replies
Hi all,I’ve been a long-term landlord for over a decade, then I started hosting my personal vacation rentals in 2021 and now have started hosting properties for others.
Avinash V.
Help needed : is it worth converting to STR/mid term
6 May 2024 | 8 replies
The fee gets you listing maintenance, a professional person available around the clock to communicate with your guests and monthly/end of year reporting.
Danielle Owens
New to REI
3 May 2024 | 2 replies
I'm a mom of 3, I'm on dialysis and I just need to try to help my family get ahead in life and I know RE would help in such a huge way.
Jake Posner
Looking to buy first rental property
5 May 2024 | 41 replies
Looking to connect with folks familiar with these areas or similar.Hi Jake, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.
Sarah Ali
Is not having/finding tenants a real concern? what do you do if you can't find any?
4 May 2024 | 5 replies
A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.
Derrick Williams
OBX Rental Purchase
4 May 2024 | 19 replies
Because the shelf life of most furnishings is 1-3 years, and because you'll almost certainly give them away if you sell the home (i.e., they add no permanent value, and it's very much the norm for the buyer to not pay more or separately for them), I believe you need to have enough cashflow to earn back the furnishings spend in a year.
Noah Bacon
What is the biggest thing holding you back from getting started in today's market?
3 May 2024 | 12 replies
Projects have life cycles.