Eric Stugart
Flipping and BRRRRing in Bessemer, AL
6 May 2024 | 10 replies
Find a good qualified realtor that knows the area well that is willing to not only work with you, but teach some of the business from their perspective.
Carolyn Richards
Virgin Islands our new vacation rental LLC
6 May 2024 | 10 replies
Check out zen business.
Greg Garza
Breaking into the Industry
5 May 2024 | 17 replies
@Patrick RobertsDo you think it would be beneficial for me to register my business in SC as well right now?
Joe Pizzo
Hello From Michigan
5 May 2024 | 7 replies
One of your biggest challenges will be separating all the online fluff from reality.EXAMPLE: several S8 "gurus" have already been exposed as frauds, but unfortunately, they sucked in thousands of investors.You're an engineer, use your education & experience to start building up a logical approach to investing in rentals:)Start with this:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
Theresa McGallicher
Short Term Rental Tax Question - Schedule C versus Schedule E
5 May 2024 | 17 replies
Shameless plug for Ryan Bakke - one of the best in the business.
Taylor I.
Considering Subto Offer - What do I need to know?
6 May 2024 | 9 replies
That might be an appropriate rent increase, but it is not a panacea for fixing the financial problems with the project.
Christian Weber
Primary residence to LLC (and yes I did a search :) Florida
6 May 2024 | 12 replies
I also run a business out of the property so need to continue to live in the house in order to be allowed to run the business out of the shop in the property.
Account Closed
What activities actually matter for real estate professional status? (REPS)
4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.
Dean Valadez
Bookkeeping and Cash Flow Questions
4 May 2024 | 28 replies
This is just one of many ways to run an REI business.
Ajay Kotian
New Real Estate Investor from Vancouver Looking to Connect
4 May 2024 | 0 replies
I live in Vancouver, British Columbia, Canada, and have recently embarked on my journey as a real estate investor.I aim to build a solid foundation in real estate investing that allows me to achieve financial freedom.