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6 March 2020 | 31 replies
You're absolutely correct that you can just as easily go to any site and filter through a list of properties in your desired area and price range but I believe their value comes into play more when it comes to details that might not be readily available to everyone.
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5 March 2020 | 35 replies
I’m only two years into this game and I can be the sweetest person but don’t play with my money!!
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9 March 2020 | 60 replies
I was thinking about really low balling the offer and seeing how it plays out.
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5 March 2020 | 8 replies
Makes plays for both.
4 March 2020 | 0 replies
So it's really a play off the 10x cliche, I just discount 20% for the mortgage (sometimes higher than I want) and T&I increases.2.
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5 March 2020 | 3 replies
Generally if you average 7 or fewer nights or 8-30 nights and provide "substantial" services such as tours, house cleaning during a stay, meals, etc you DO have to pay self employment tax.Kudos to this CPA site (tarlow. com/2018/01/02/tax-ramifications-short-term-rental/):"When property is rented for short periods, special (and sometimes complex) taxation rules come into play, which can make the rents excludable from taxation; other situations may force the rental income and expenses to be reported on Schedule C (as opposed to Schedule E).If you have been renting your home or second home for short periods of time, here is a synopsis of the rules governing short-term rentals so you can prepare yourself for the upcoming tax season.Rented for Fewer Than 15 Days During the Year: If you rent your property for fewer than 15 days during the tax year, the rental income is not reportable, and the expenses associated with that rental are not deductible.
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5 March 2020 | 2 replies
This is a buy & hold play for our first investment.
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21 March 2020 | 42 replies
So they're playing it safe.
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4 March 2020 | 0 replies
We saw a way to help out the seller in a time of need and there was a large value add play for someone who had the money and experience to take care of the major leak and mold issues.
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7 March 2020 | 27 replies
It's an idea I've been playing with.