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16 September 2024 | 16 replies
Can everyone post what they know and where they are at as far as correspondences and solutions are concerned?
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17 September 2024 | 11 replies
I’ve been looking for a simple to use solution for this as well.
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18 September 2024 | 19 replies
Alternative deposit solutions only have a small adoption per building.
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16 September 2024 | 1 reply
The building has been passed over by many people due to the layout, but I have a creative and viable solution (boutique hostel/hotel hybrid in well-established and overpriced tourist destination).
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15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
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21 September 2024 | 69 replies
Fast solutions got slow problems, folks.
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16 September 2024 | 4 replies
Hi @Gregory Fazio, I think it's definitely worth pitching seller financing even to someone who doesn't know what it is, you never when it could be the solution they didn't know existed!
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15 September 2024 | 10 replies
Check with Your Closing Attorney: Sometimes, the closing company or attorney might be able to offer creative solutions when it comes to EMD.
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16 September 2024 | 6 replies
Set up Zillow alerts for all small multifamily that "sell" (when properties transfer ownership landlords will be more open to talking) Network with small multifamily relators about buildings that are under renovations and will have multiple units coming up that need to be filled (problem) where you can "pre-lease" the unit and pay the landlord the 1st day it's available (solution) Look up commercial landlords that own strip malls and see if they have any residential properties.
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15 September 2024 | 61 replies
Central AC sounds like the long term solution.