![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2294312/small_1672383672-avatar-alexusb5.jpg?twic=v1/output=image&v=2)
17 February 2024 | 4 replies
Usually you are limited to 80% LTV on a property like this but do speak with a loan officer right away to know the specifics on your scenario.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1458582/small_1621512497-avatar-coachbdud.jpg?twic=v1/output=image&v=2)
17 February 2024 | 9 replies
Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2644874/small_1694567195-avatar-andreae52.jpg?twic=v1/output=image&v=2)
17 February 2024 | 21 replies
Consult with a tax professional to understand how these factors may impact your financial situation.Always remember that real estate transactions involve legal and financial considerations, so seeking advice from professionals in real estate, finance, and tax is crucial to make informed decisions tailored to your specific situation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/989086/small_1694804718-avatar-kiranc1.jpg?twic=v1/output=image&v=2)
17 February 2024 | 6 replies
Let's connect to discuss the specifics of the process.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1933772/small_1693402363-avatar-segundino.jpg?twic=v1/output=image&v=2)
16 February 2024 | 12 replies
Hi @Jun LopezIs there specific reason you are looking for one in the area or would you be open to working remotely.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/472114/small_1723319585-avatar-jacks27.jpg?twic=v1/output=image&v=2)
17 February 2024 | 7 replies
Been in Montgomery County my entire life and while it's not only to our specific to out region, *** @Ryan Thomson just stated, we NEED MORE HOUSING.
17 February 2024 | 11 replies
According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2747609/small_1718392573-avatar-f2.jpg?twic=v1/output=image&v=2)
17 February 2024 | 8 replies
Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2898270/small_1702877878-avatar-daniell919.jpg?twic=v1/output=image&v=2)
16 February 2024 | 3 replies
The inspector pointed out multiple items but I am stuck to take a decision on two things specifically:(1) The side entrance is missing flashing over the awning.
16 February 2024 | 1 reply
One key lesson learned was the importance of thorough due diligence and budgeting for unforeseen expenses.