My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
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Hi. First time posting. I’m looking for some guidance whittling down a market to focus on. My goal is cash flow for retirement, 30 years from now. I am risk adverse and don’t want a lot of hassle and upkeep. My budget...
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Hello Everyone, Recently in one of my STR homes, the tenants cause major destruction to the property. It looks like they rented it for 2 days and went wild. Holes in walls, broken bathtubs, smoking weeds in the hous...
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I’m curious the best ways to go about finding STR investors looking for strong wholesale deals here in Washington State. I have a model and strategy which have worked very well in finding lucrative opportunities but I...
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Hello, My name is Andres (you may call me Andy), I'm a single full-time employee who's been working for the same company for the last 10 years, ever since I got hired and brought here fresh from university. I'm lookin...
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Would love to chat with a broker - how you got into the biz, how it works, etc. I have referred many people to hard money lenders that I have worked with and had a good relationship with. This was just to be helpful...
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My strategy for this year (2023) is to:
1. Buy two 500k multifamily units (or one 1m multifamily unit) - ideally they break even.
2. Cost segregate both properties and generate close to ~150k in passive losses, ~...
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Anyone out there doing a successful house_hack in the San Antonio area? It seem like every deal I look the mortgage is too much for moving in, most of then I have to pay half of the mortgage and I'm looking to pay lit...
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We are new investors and looking to put an offer down on our first property in the next week as a STR. My question is for tax purposes, are we hurting ourselves in terms of the qualification of materially participati...
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This is the last thing I wanted to have happen, but I need to get out of this contract. I couldn't find an investor to assign the contract to, and now I'm supposed to close on May 14th for $14,000 plus closing costs. ...