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QUESTION: I have 9 rental vacation properties that I rent online. 3 do not qualify as long term, because they do not meet the average 7 day or above rule. However I manage, market and rent them in the same format as t...
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Can anyone tell me exactly what part of sec 469 of the tax code that explains what qualifies you as a real estate professional? I am having a disagreement with my CPA. He says that you have to have a 7 days or less on...
Hey everyone! Fairly new to rental real estate.... As we started preparing taxes and looking to the future, I came up with a question that maybe somebody on here can help with. As I understand it, short-term rentals a...
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Whew...it's been a journey with a few bumps in the road here and there but I'm happy to report that we will be closing on our first investment (foreclosure) house this week. I can't tell you how happy I am to see this...
I'm trying to do some calculations using the calculators (in particular, the BP Wholesaling calculator for rental properties). I'm wondering, though, how to find the estimates for the expense calculations. I'd like to...
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Hi BP!I have a 2bd/2bth condo in Scottsdale, AZ and would like to start Airbnb-ing the property. According to Airdna, the Scottsdale market is so-so at the moment. Also, my HOA only allows for 30+ day bookings. Is ...
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Evening BP,I will be interviewing a number of property management companies over the next few days. I was hoping to gather thoughts / questions / things to be aware of, from my fellow investors that have gone through...
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Just curious where everyone is planning on sinking their cash should this turn into a more significant downturn. I have friends big into the market and I have friends big into RE. Curious where your head is at. Cheers!
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My annual contract with my current property management company in Saint Louis, MO is up and I'm not too influenced by the idea of renewing. I can't seem to keep a consistent flow of communication going with them. For ...
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Hi friend !My team and I are looking for maybe get into SLC,I would be glad if some people that are in this market, will share some thoughts for what is happening and also what kind of deals(multifamily apartment) you...