Jacob D Cockerell
Crawl spaces, ventilation, and HUD/FHA guidelines!
16 February 2024 | 3 replies
She wanted to know what ventilation was required and if there was an exception to the rule.
Laura Winegardner
Brainstorming Creative House Hacking Scenarios in Nashville / Middle Tennessee
16 February 2024 | 6 replies
Pros: Least disruptive to my current lifestyle, gaining experience in a vacation destination aligns with my long-term goalsCons: Highly competitive and expensive market, NOO STR is very unlikely for my situation, finding a property in an area that’s appealing to tourists may be difficult.Scenario 2: Buy property in a market adjacent to Nashville without owner occupancy requirements for STRs (e.g.
Account Closed
Tax considerations you MAY NOT KNOW about short term rentals
17 February 2024 | 11 replies
While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.
Account Closed
Do I need a CPA? ANSWER INSIDE
16 February 2024 | 15 replies
And even then...many state / local jurisdictions require effectively no specialty knowledge.
Chandler Calvert
Anyone heard of Corevest?
16 February 2024 | 9 replies
Or is that required to obtain multiple SFHs?
David Green
Using IRA to buy rental property
16 February 2024 | 26 replies
Starting to do some research on SDIRAs and one thing I read is that when I hit 72 I'll have to start taking minimum required distributions.
Angie Y.
Splitting out shared utilities
16 February 2024 | 3 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.
Max Rieves
Seeking Lenders in Georgia
16 February 2024 | 8 replies
Many require no income verification.
Ryan Fox
insurance requirements for hard money
13 February 2024 | 7 replies
I’m not sure the insurance requirements that I’m requesting from borrowers are appropriate.
Erik Reis
First House Hack - What would you do if you were me?
16 February 2024 | 8 replies
In Colorado Springs I am finding plenty of properties with interest rates between 2.5-3.5% that require less than 50k to cover the equity gap.