I'm new to real estate investing and considering buying my first STR property. I started by looking at typical vacation destinations (popular beach/mountain towns), but after researching occupancy rates on AirDNA, I w...
Hello. My adjusted gross income is under $100,000, and so the passive loss (including phantom loss from depreciation, deductions from mortgage interest and property tax, etc.) from my rental properties will be offsett...
I'd like to get started in the vacation rental world and have decided to just put this up to see where you gurus take me. I'm looking for the same old advice on how you would pull the trigger to get it done, from wh...
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
Hello, I am a rookie and I'm looking into creating an LLC to purchase out of state properties. I'm considering a name and I read somewhere a while back that your LLC should be your property address? I'm curious if I m...
I have a property that is coming available. One of the potential renters is offering to pay the whole year's rent in advance in addition to the security deposit. Does anyone see any issues in doing this? The property...
I'm taking over the property management for my mom and, for one of the units, the tenant is subletting. Apparently, in our lease we do not allow subletting. The subtenant is very dirty, refuses entry into his room, an...
I'm starting the eviction process on a tenant for non-payment in Tennessee. I was planning to send the initial notice to vacate by certified mail/return receipt requested. However, I have used this method in the past,...
Hey friends,
I came across a 3-unit property in a decent part of Harrisburg City that I would love to own. The owner called after getting a piece of my mail. They are motivated to sell, but not motivated enough to se...