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3 August 2024 | 11 replies
I love being active and enjoying nature whenever I can.I’m really excited to learn from all of you and make some great connections here.
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3 August 2024 | 1 reply
My client owns 3 SFRs and a commercial building for their business (in an LLC, used by the business but with personal guarantee).
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2 August 2024 | 12 replies
@Ray Dixon 5k is not enough, but I would connect with STR Investors in your area and offer help that way you keep building capital while learning more about the business.
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3 August 2024 | 13 replies
I personally think you can, and if the former owner redeems, they get cutover timber land.
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3 August 2024 | 0 replies
id=61550685028829 Lessons learned?
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3 August 2024 | 16 replies
Under the IRS rules, a person qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent.
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3 August 2024 | 2 replies
Thinking of applying for HELO or Refinancing my personal home to get down payment for Rental Property.
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30 July 2024 | 3 replies
Hi All, is it legal for landlords to specify that the lease is for one person only?
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3 August 2024 | 5 replies
You might've already read/listened to it, but The House Hacking Strategy book is phenonmenal to begin learning all of the info about house hacking