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I have NO EXPERIENCE in real estate investing, but am ready to take my first step. I want to start with a multi-unit property in the DMV (DC, MD, VA) area. What are some things I should first consider? Funding? Credi...
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Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Many of my rentals are occupied with lower income individuals. Some of the renters are asking to make lower payments or refusing to pay their rents at all. But here is a thought….
Let’s suppose we have 2 renters liv...
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Hello BP,
I’m here with yet another question, hoping that the GA investors can chime in and help.
I followed Paul Timmins advice and contacted several NARPAM member companies hoping to establish a relat...
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Long time forum creeper and first time poster! I'm under contract to purchase a triplex in chicago's western suburbs (Forest Park). This property has an "illegal" 4th unit that once fixed up can rent for $700 - $900 p...
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Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
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Two questions...1) About to bring a STR online in the next two weeks and am looking for some advice as this will be my first STR. 2) Specifics on the current STR cost seg. tax benefit?Thank you for the help.
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Hello!I was pretty excited about "turnkey investments" and what have you, at first.I looked at a couple of markets, the only market that made sense to me was DFW. I'll explain my rationale:1. Since I am borrowing 80%,...
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Does this make sense or not?I am considering putting solar panels on a rental property. Reasons to consider:1. There is a 30% federal tax credit2. Bonus depreciation would apply - I am not clear on if it is 50% or...
I was hoping to ask you all a money/real estate question. It has to do with buying a second home (primary residence).
Here’s the scenario: I’m active duty military and currently live overseas. My wife ...