I had another but sold it to free up some capital and improve my personal debt position.

Hi all,Wondering if there is a way to get out of paying capital gains on selling a second home for personal use.

The issue we have with some OOS investors is that they never have seen their property in person, they just leave it to the PM and object every repair bill.

House hacking will also give you some personal "property management" experience.

Absolutely do contact Yonah, he is the best person to answer your cost seg questions.As far as determining feasibility, it is usually done by your tax accountant who can estimate your immediate and future tax savings.

Hey @Hayden Thomas, lots of great REI-savvy tax professionals here in the comments and BP in general.Do you have organized financials you can hand your tax filer so they can file for you?

Does 78% of the real estate tax get entered for my "personal" taxes and then 22% is on the rental side?  

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.

Hey Ben, I personally invest in the Columbus market and have been doing it for the past couple years.

Zillow can be fun to deal with.Anyway, the fun part of the Exclusive Agency Addendum" in Texas is this:"If Owner sells or leases the Property to an Excluded Prospect, Owner will not be obligatedto pay the fees due to Broker under Paragraph 5A of the Listing, but Owner will pay Broker, at the time the sale closes or the lease begins, a fee equal to"and an excluded prospect is defined in the very next paragraph:"In order for a person to qualify to be an Excluded Prospect under this Addendum, Owner must send Broker written notice identifying the Excluded Prospect by name, address, and phone."