Collin Hays
Government-sponsored extortion, Sevier County style
Recently, Sevier County TN commissioners voted to require a "permit" for all short-term rentals in the county, "to ensure that all short-term rental units in Sevier County meet minimum safety standards." Of course, t...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
Angela Hall
Realtor in Northern Virginia
Hello everyone,I've been a full-time real estate agent in Virginia for over a year. I'm looking to focus my business and knowledge into real estate wholesaling and/or flipping short sales.I have some knowledge about ...
Derrick E.
Taxes for a flip- General Question
I will be using a CPA moving forward, but I'm really stuck on something that should be simple to know. I know about short term capital gains taxes, but also know about the self employment tax. My question is this:When...
Joe Bol
How to get on the title of a 1031 exchange
I own and manage short term rental properties in Maui. Recently the short term rental market drove off a cliff, not the first time. In the meanwhile, a friend was in the process of 1031 exchanging into another short t...
Tristan Osborne
Airbnb Real Estate Investing
This is a time for magnification. Growth, in other words. In that point that is why I'm called here today to further my knowledge in the economic downturn we see before our eyes today. In the sense of luck, us investo...
Sam Leon
need a call back from a realtor
very interested in a SS property in Miami.
Called the agent, left voice mail, no reply.
Called his office, his assistant said I have to call or email him. So I emailed him as well.
He is the agen...
Francisco Tejada
why buy a NPN in 2nd position?
From what I know about short sales, usually 2nd mortgages only get about 1K regardless of the amount owed.
Also I've read that it's not advantageous to start a foreclosure action when there is a mortgage ahead of yo...
N/A N/A
Looking for some
This is a property that I'm buying on a short-sale:
Owner Bought in 4/04
Mortgage Balance = 315K
Market value = 375K
8 months in default
3 Family, all units rented
Owner's already received notice of default and the...
Sterling White
Probate property
Sent a letter to a home owner one month ago. Received a call that they want to sell. Turns out the property is still in the name of the deceased parents in which they owe 70k on the mortgage. The house is in pretty di...