Justin Ward
str loophole for long term rental income
29 January 2024 | 12 replies
If my STR property qualifies for the STR loophole then can my long term rental property deductions then be brought over to offset my active income like being a real estate professional?
Amanda Bozzi
Own several plots of land and have a trusted contractor but looking for funds Austin
30 January 2024 | 7 replies
I already own the land and have architectural plans and a GC but I just have no experience in this specific area.
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
1 February 2024 | 14 replies
Without knowing the specifics of (1) your personal situation and (2) the particular property market conditions for the property market your property is located in and (3) the condition of your house, etc. it’s impossible for anyone to provide meaningful advice concerning whether or not to entertain this offer.Many states have standard contracts and procedures which have all but eliminated the need for an attorney when the sale of real property is done utilizing the “usual” methods of financing and ownership transfer.
Nik Frid
What other costs can be added?
31 January 2024 | 10 replies
With flips, specifically, I would say many new flippers don't think about their hold costs: utilities, taxes, insurance, interest (if you have a loan) and the big one: all the closing costs, or the fact that if you don't replace the furnace and it is pretty old but working, the buyer will want some form of credit for that.On rentals: leasing commissions are almost never discussed on these forums.
Calvin Matthews
Missing out on 3 months of rent-is it worth it to pursue collections?
30 January 2024 | 2 replies
I can go into more specifics if interested/needed but basically we're out $6,375 of rent payments.My questions are:-Should I pursue collections with the tenant?
Jen Andreani
New Member Excited to Connect and Learn with Fellow Investors!
30 January 2024 | 0 replies
After navigating the challenges and successes of those ventures, I'm eager to explore new horizons, specifically in Airbnb home ownership and multifamily investments.🏡 Background:As a homeowner and former long-term rental landlord, I've learned the ropes of property ownership and management.
Terence Crafton
I am seeking an Advisor/Planner
30 January 2024 | 12 replies
If you're looking for investment management or advice, Registered Investment Advisor (RIA) is a specific type of firm that is required by the SEC to act as a fiduciary.
Tony Pellettieri
HML/DSCR for BRRRR Scaling
29 January 2024 | 3 replies
On a cash out refi, any fees will be deducted from the proceeds of the loan.If you have the cash, is it better to not finance repairs using a HML?
Josh Hall
Where to purchase flooring?
30 January 2024 | 4 replies
The problem I have with Floor and Decor is that often once they sell out of a specific flooring they don't get it again.