Benjamin West
AirBnB Stay Tax Deductible?
17 January 2018 | 4 replies
For example, if, in an 18 hour waking period, you spend 2 hours snooping through the AirBNB, writing down the makes and models of appliances, figuring out the distribution of the mini shampoos and inventorying how many cooking supplies your hosts are providing and the thread count of the sheets, then an auditor might allow you to take 10% of your total trip expenses as a deduction.If, however, in an 18 hour waking period, you spend 6-8 hours per day interviewing Hosts, researching which properties would make good AirBNBs, researching the local laws, touring properties, meeting with an agent and vigorously pursuing your next acquisition, you'd have a MUCH better case for writing off your travel expenses (but probably not your lift tickets and equipment rental).If, on the other hand, you are traveling and on vacation and just hang out in your AirBNB without actually performing any activities, then the odds that an auditor will allow any deduction at all is pretty minimal.In any audit, it would be up to you to document the business purpose of your trip.
Account Closed
Need help with Denver Zoning Codes for new construction
17 September 2017 | 3 replies
The City would probably only allow you to load the garages off the alley.
Ashton Cleveland
USAA Career Starter loan as a future down payment?
24 October 2017 | 17 replies
If you run into snags with the MPRs of a VA Loan, having that cash on hand could allow you to finance a great deal with a different loan, fix it up, and then refinance into a VA loan to pull out cash.
Kole Kingslien
Starting out, in search of advice
20 September 2017 | 7 replies
Due to our limited funds, we want to figure out how to get a great deal, with as little of our cash in the game as possible, to allow a "safety net" of sorts.
Mark Benevento
First time FHA Loan help!
18 September 2017 | 5 replies
Since you're essentially looking to "house hack," FHA loans allow for you to use 75% of the expected rental income from fair market rent as determined by an appraiser on the non-occupied units as qualifying income.
Dustin Sifford
New Investor In Phoenix
17 September 2017 | 2 replies
You would need to purchase a home with a good amount of equity and then do a cash-out refinance whenever the bank allows it (usually 6 months).
Gabriel C.
Informed Investor with $100-$150k seeking advice
19 September 2017 | 9 replies
Here is a great article from Realtor.com that gives great insight on the best markets for real estate investors. https://www.realtor.com/news/real-estate-news/best...Your $100k-$150k will allow to acquire 1-3 properties at a discount that cash flow well.
Luis Cruz
Quitclaim deed and H.E.L.O.C.
17 September 2017 | 3 replies
Because I was looking to get it on an investment property, the lender had to be willing to allow for that although most only use the primary resident.
Robert Gunby
Tenant wants to bring in their own appliances
17 September 2017 | 5 replies
@Robert Gunby I usually allow it (it's only been asked of me a few times, mostly with SFH's I managed for other landlords) but with the condition that the old appliances be put back in place when they are gone.
Robert Rappold
Enforcing a purchase agreement, seller backing out.
19 September 2017 | 10 replies
Suck it up and move on or sue in small claims court if allowed.