Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...
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What kind of Material?
Not sure if this has ever been suggested before, but I thought it would be nice to develop some sort of Rehabber's Materials Cheat Sheet. Maybe like a chart with House Type on the top and Sections on the right?
For e...
Heather Little
Real Estate Professional Status Qualifications
I left my corporate job last year to stay home with my daughter and focus on our real estate business. I'm trying to determine if I can qualify as a real estate professional. I know you need 750 material hours per yea...
Arda Bircan
Material participation hours for STR Tax Loophole
This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...
Matthew Kauk
Short Term Rental Loophole
Looking to use the short term rental loophole.
If I use the short term rental loophole for my STR, I material participate and do a cost seg study.
Can I take the value of the building in the first year as depreciati...
Kyle Alexander
Closing on 9 unit property
Hello everyone! I am a young investor very close to closing on a 9-unit commercial property about 45 minutes outside of Boise (my first commercial property).This is an off-market deal with 8 of the units unfinished. A...
Kyle Blackmon
Moving from Construction to Sales - Tips & Tricks
Hey Y'all!
I’m reaching out for some advice from all the experienced investors out there. This past year, I made the leap from construction management to getting my Real Estate license and joining a brokerage. My goa...
Morgan Gutierrez
legal timeline for updating investors
Is there a legal timeline to update current investors about a significant change in the investment?What are the legal requirements for updating the investment information/pitch deck for new investors?I am no longer wo...
Wayne Lester
Material participation tests activities
What activities qualify for the material participation tests for making your short term (<7 day on avg stay) active instead of passive income/loss? I'm taking the "I contributed 100 hours and nobody contributed mor...
Greg P.
Anyone else just Exhausted?
Hello, I'm working on two rehabs, wholesaling a couple of deals and managing contractors. On top of that, I'm looking for more houses to buy and saw at seven houses yesterday. Today, I feel very exhausted and I feel...