Lori Sullivan
IRS deduction rules around STR purchase to listing
5 February 2024 | 6 replies
Since you placed the property in service in 2024 you'll include it in the 2024 tax year on IRS Schedule E (in rare cases it would be included on Schedule C, but you need to have "Substantial Service" like concierge or butler for guests as an example).Startup costs are an option in 2023 tax year but this is limited to $5,000....
Melissa Casey
Buy and hold
5 February 2024 | 5 replies
Have your daughter look at the Neighborhood Assistance Corporation of America (NACA) program.NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wish you all the best.
Kevin Kalligher
Evicting Tenants During Winter
5 February 2024 | 8 replies
My gameplan thus far is if a tenants wishes to stay, to have tenant sign a new lease with increased rent for an additional 90 days, giving them the option to look for housing during that time.
Jordan A.
First Time Investment Property Buyer- Where Would You Buy?
5 February 2024 | 10 replies
Additionally, there are small pockets and areas in Gwinnett that offer some flexibility for novice investors to enter the fix-and-flip game at lower prices with good profit potential.If you're interested in exploring these options further or need assistance in evaluating potential deals, feel free to DM me.
Nicholas J Mancini
Selling and renting same time
5 February 2024 | 3 replies
Now maybe there’s an option to only show rentals and not for sale and it would show up there, but wasn’t what u was doing.
Jonathan Abrado
First Deal- Analysis Paralysis and Unsure If Good Deal
5 February 2024 | 4 replies
Not sure I would allow them to live at the property for free, as it would be a disincentive for a near-term move.Bridge Loan Option: As you mentioned, a bridge loan could be a viable option to acquire the property quickly.
Bagus A.
Wet Basement Solution Pittsburgh Area
5 February 2024 | 2 replies
Otherwise an exterior french drain will be a cheaper option than interior.
Akshay Bhaskaran
SDIRA and BRRR and HML/PML
5 February 2024 | 15 replies
You always have the option to partner with your personal funds.
James Zhang
Delayed Financing on a triplex in Ohio
5 February 2024 | 16 replies
My ideal option would be 75% of the purchase price.
Drew Carpetner
Looking for deal structure options for first rehab JV.
3 February 2024 | 5 replies
Another option to add on is "preferred returns" before you split the profits 50/50.