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17 January 2025 | 4 replies
In my mind sub to is for short term .. long term rentals is very problematic for many reasons.
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16 January 2025 | 6 replies
@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term
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19 January 2025 | 269 replies
Everyone we have spoken to only considers short term rent as an option.
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15 January 2025 | 6 replies
If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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20 January 2025 | 19 replies
so short window I suspect the marketing will start in earnest on March 15th though !!!
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28 January 2025 | 20 replies
Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.
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8 January 2025 | 11 replies
Hello,I am in the Tampa Bay area and I own a quadplex. I also manage another 10 units. I am seeing a decrease in nightly price and demand for these units. Any insight? Anything I am doing wrong? I do not make enough m...
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11 January 2025 | 49 replies
It's disappointing that you can't make it work with short-term rentals, as that should be much easier.
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20 January 2025 | 1 reply
I noticed their business is listed as an LLC on their Zillow profile, and we also found that they have a few other unrelated LLC businesses that didn’t seem to work out for them over the years and were short-lived.