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I know the Pros and Cons of both Fix and Flip and LTR. I was wondering if anyone has dabbled or knows anything about a hybrid option. I know on flips it is considered traditional income due to being classified as a de...
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Does anyone have experience with The Short Term Shop? We're looking to buy our first STR in Destin. We read Avery Carl's book, listened to her BP episodes, did the group consultation with the Short Term Shop and got p...
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Hello Tax team, Here is the scenario and I want to understand how the cost elements needs to be treated from taxing aspect?I purchased a property to flip in 2022. The property was ready for a sale in 2023 but could no...
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In a softer rental market like we seem to be in now, it becomes much more important to focus on the boring fundamentals like controlling expenses. One of the ways we have been doing that in our multifamily properties ...
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Can you please help me figure out trusts?
1) Trustee is the person who owns an assets and deeds this asset to the trust. Correct? So for simplicity, lets say there is a single family house that is paid off and it pro...
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Hey all,
I'm wondering if any of you has Short-Term Rentals in Okaloosa Island, FL.
If so, would you be willing to share your experience running STRs in this area? I'm curious about the demand for vacation rentals,...
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Hello BP Folks,
It has been great reading this forum over the past couple of months since I started getting interested in REI. It has lots of interesting conversations and good advice for a newbie like me.
I am a pr...
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Are you a foreign national or US citizen currently purchasing a property in the USA? If so I can help you fully understand the process of applying for a EB 5 Visa as well as the lender's underwriting process. ...
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Reading through the vast wealth of knowledge on this site it seems advertising is the key to beginning to wholesale. My question is when you begin to advertise through direct mail where do you get the prospects to sen...
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I purchased a 4-plex in Las Vegas in June 2018 with all units occupied. A tenant messaged me and said SWAT broke into the appartment above hers and arrested someone. The tenant upstairs (who lived alone or maybe had ...