As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

I still ride bikes and I’ve severely limited my carbs and sugar after the suggestion of the Bigger Pockets member mentioning it. 

(End)Don't apologize, don't sugar coat the message - just give them the statement above, in writing. 

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

Hi everyone. My wife and I bought a single family house in Texas a few years ago. Since then my wife and I have been getting calls from people about wanting to buy this house. They've even called my mom who we don't l...

We have a few areas hotter than others which include West Village, East English Village, Corktown, Jefferson/Chalmers, The University District, Northend, Sugar Hill District/Medical Center, and others.If you want help navigating Detroit we would love to show you around and point you toward where the best deals are.

This eliminates ALL the interest on that property, and uses the monthly payments you were making on it to help reduce the debt on the other quicker. 

•Beyond that, flood insurance adds to a buyer’s monthly expenses, which can affect their debt-to-income (DTI) ratio and reduce their overall purchasing power.

Hello Christina - we recently acquired a home in Banner Elk that's just over a mile from the Sugar Mountain entrance.

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.