Michael Buska
Does the STR "Loophole" work for Cost-Seg, if not self-managed?
8 October 2024 | 4 replies
(My assumption is it may be tough to prove enough material participation if using someone local to manage.)Two things worth noting:1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals..
Rob Carmody
How should I handle a Contractor Dispute?
17 September 2024 | 3 replies
I am doing this completely remotely, which has been a massive pain/lesson learned (topic for another day).I signed a very high-level agreement (i.e. expectations simply say "drywall and paint") with him for drywall and paint work at my home for a total of $10KI have paid $5K as a down payment as well as ~$2K in materials over time, as neededThere have been multiple break-in's in the home, and he has done me favors of working with the police, and boarding things up.
Ben Einspahr
Using STR/MTR income to qualify for my next house hack
14 September 2024 | 10 replies
Happy to share the recording.
Bradley Hendrix
Going from -50K to 1 million
13 September 2024 | 7 replies
The day I closed the tenant was moving in.
Cc Dietz
Direct mail postcards
19 September 2024 | 8 replies
You have to send them out a lot and it takes time to get any hits.
Marc Shin
Homeowners insurance for an STR
8 October 2024 | 8 replies
Hello. i'm under contract to purchase a duplex which I will convert to an STR.
Rudy Galan
Just came across bigger pockets
8 October 2024 | 5 replies
That’s awesome to hear you’re looking to invest in real estate!
John Liao
Accessory Dwelling Units (ADUs) (<900 SF) to be built by-right
19 September 2024 | 4 replies
Would love to hear opinions and thoughts on this!
Connor S.
Lease Appliance Clause Question??
14 September 2024 | 5 replies
Tenants agree to return the appliances in the condition supplied less any normal and reasonableThe tenant emailed me about two days after moving in and said the refrigerator was not supplied in complete working condition and is demanding I replace it ASAP.