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21 November 2024 | 305 replies
This is what usually leads to threats of legal action by the tenant.
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13 November 2024 | 14 replies
You may see a difference if you're selling to an investor that would price it as an income producing property.
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12 November 2024 | 10 replies
Which markets (Cities, States, Counties) are producing the highest cash flow while keeping purchase prices under 100K?
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14 November 2024 | 4 replies
Before you take any action be sure to think carefully about what your goals are in the short, medium and long term.
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14 November 2024 | 6 replies
At some point, you have to accept that you’ll never know everything before taking action.
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14 November 2024 | 5 replies
Take your time to explore the different strategies, and when you're ready, you’ll have the knowledge to take action confidently.
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18 November 2024 | 47 replies
Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.
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12 November 2024 | 1 reply
I've found myself more focused, and have come to the realization that while, the vast world of REI and improvement podcasts is a great way to find out what is possible, it does not work well for me to help drill down and take action, especially when this is an industry that literally everything could work.I'm excited to take this new "era" to BP con and use that as another launching point going into the Q4 and Q1, and ensuring I'm saying NO more than I'm saying yes.
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20 November 2024 | 31 replies
Two things I have seen, one form of Gator lending is indeed loaning money to wholesalers for EMD for a cut of the action.. either interest rate or profit whatever they can all negotiate.
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12 November 2024 | 5 replies
Yes like Min said, its great to have a plan but I would say the action is much more important - I did a few bad deals and learned so much more than I would have if I was just sitting on the sideline planning things.