Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Sattir Bitti
Passive Activity Loss to offset gain on sale of another rental property
Hi,I'm in the process of selling one of the properties that has decent equity. I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV. I have another rental property...
Vinod Badami
Licenses, Permits, City Approvals, etc Required for Renting
Hi,I am trying to get a list of permits, licenses, approvals, etc. one requires when you are looking at renting out your home. Would appreciate it if someone can provide a comprehensive list. Also typically how long w...
Account Closed
Background checks for current tenants
Hi Everyone,I'm buying a rental property from a landlord. She's got a tenant in the house and she claims they pay on time. How do you go about doing background checks on current tenants? I was thinking about asking th...
David Baier
Novation Agreement and how to use it
Curious if anyone here is actively using novation agreements in their real estate investing business? I'm familiar with what the agreement is and in which situations to use it but have a few questions about its use.
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Tyson Hartley
Mentor
Looking for a mentor in the DFW area.My interest area wholesaling, buy and flip, and buy and hold.My methodology is to wholesale to build up cash, once cash as built up flip properties while continuing to whole sale. ...
Teri M.
Need help. Bird Dog legality in Louisiana
Would appreciate if any experienced bird dogs or investors could read this Louisiana law below and tell me if this will affect me being a bird dog/consultant in louisiana? If so are there ways around it lega...
John Thedford
Properties For Sale Are NOT Comps
Just had another "wholesaler" send me a PM through BP. They have a house on Marco Island they need to sell "fast". I queried them if they have it under contract. The answer was "yes, we do". I then asked for comps. Th...
Benjamin Harrison
Insurance Recommendation for Flipper
Hello! I am a first time flipper and am using a self directed ROTH IRA to purchase the property. I have a house under contract and close at the end of this month. Does anyone recommend any insurance carriers for a "Bu...
Jerry Powers
Reactivated member from Tulsa, Oklahoma
I have been hanging around here for some years, but I haven't been very active and I never posted my introduction - shame on me!I have decided that it is about time that seriously get started on launching my real esta...