Frank Mancuso
Views on Turnkey Properties in the current market
11 November 2021 | 18 replies
Turnkey is a purchase method, nothing more.
Ryan Cavanaugh
Looking for some feedback about next steps....
1 November 2021 | 9 replies
"Forced appreciation" is an excellent method to build a "buy and hold" portfolio.
Wendy Vaidic
What Triggers Self-Employment Tax on Short-Term Rentals
2 November 2021 | 5 replies
I've read conflicting information about what triggers you to have to pay self-employment tax on your short-term rentals.There seems to be a consensus that the following does:Airport TransportationProviding cooked mealsOffering ToursCleaning during the guests' stayDecorating the property for a party as a serviceI'm not sure if these would cause me to have to pay self-employment taxes, as I've seen these items on a couple of lists but not most:Providing a coffee stationProviding a welcome basket with food itemsProviding bikes and kayaks for the guests to useDoes anyone know where the line is of what you can and cannot do and provide?
Benton Shortridge
Long Distance Investing: Seek Partner or Turnkey Company?
13 November 2021 | 36 replies
Does anyone on here have experience with remotely investing with either of those methods?
Logan Clark
When do I line up Transactional Funding?
3 November 2021 | 6 replies
Then simply lock it up in their name or a new entity name and give to them for your fee.If you do go the double close/transactional funding method, get your funds lined up earlier rather than later.
Alicia Marks
QOTW: What can you share about the Pros and Cons of Partnerships?
4 November 2022 | 41 replies
For example, one partner wants to employ a 1031 exchange or another tax strategy and the others just need money as soon as possible.
Benjamin Mcintosh
Issues analyzing first deal
2 November 2021 | 6 replies
But I’m not knowledgeable on these sorts of repairs so I may be employing over-caution.
Jacob Younger
More than MOTIVATED New wholesaler in need of creating structure
3 November 2021 | 12 replies
Structure - I would pick a marketing method that you can consistently afford for the next 3-6 months, basically until your first couple of deals, and just stick to that marketing channel.
Kunal Pathak
Potential tenant setting up his own business and no job history
19 November 2021 | 7 replies
One month of income is not reliable when self employed or even for W2.
Levi Davis
Getting started Post Bankruptcy
1 November 2021 | 1 reply
Wholesaling will allow you to take off-market deals that you secure through your preferred marketing method and then assign them to a buyer for an assignment fee.