If I purchase a short term rental in the 2nd half of the year, and do a cost segregation on the property so that I can depreciate as much as possible at first year of ownership, does the property have to remain a short term rental the year after it is purchased?
It does not have to remain a STR for any particular length of time, although I would be somewhat uncomfortable with STR in Year 1 with just a few guest stays and then in January I switch my business model to LTR.
Hi Mark - I started to sign up with your firm, but I was bombarded with spam of services. Then I talked with one of your staff and it was time to write a check - without even knowing if you could help my situation. Lastly, I have a rental and in a practical sense, some of the math doesn’t add up in reality. So you are educating based on theory and heavily leaning to maximums or “best case scenarios”. I’d like it to be more practical and I’d absolutely sign up for your services if I knew 100% that you could help me - personally.
Funny, I have always seen Mark, as he did in this video, cut expected rates of return, basically making the point about the effects of a particular strategy without assuming the most favorable outcome
I have no occupation or own a business but I want to buy land and put a few prefab ltr properties on it. (One Id be living in) And two I want to rent out. I have the money to do so. What would be a good strategy for my scenario?
Layan Talia Chokr is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Does qualifying for a Real Estate professional classify as someone working in an Architectural professional office who works on Residential and Commercial property?
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
If I purchase a short term rental in the 2nd half of the year, and do a cost segregation on the property so that I can depreciate as much as possible at first year of ownership, does the property have to remain a short term rental the year after it is purchased?
It does not have to remain a STR for any particular length of time, although I would be somewhat uncomfortable with STR in Year 1 with just a few guest stays and then in January I switch my business model to LTR.
Is it possible to have a short term rental with a property where either to HOA or local ordinances limit stays to a minimum of 30 days?
@15:55 Actually 5% compounded over 10 years is $162k, so even better!
Hi Mark - I started to sign up with your firm, but I was bombarded with spam of services. Then I talked with one of your staff and it was time to write a check - without even knowing if you could help my situation. Lastly, I have a rental and in a practical sense, some of the math doesn’t add up in reality. So you are educating based on theory and heavily leaning to maximums or “best case scenarios”. I’d like it to be more practical and I’d absolutely sign up for your services if I knew 100% that you could help me - personally.
Funny, I have always seen Mark, as he did in this video, cut expected rates of return, basically making the point about the effects of a particular strategy without assuming the most favorable outcome
Do you have your property under an LLC to rent to your corporation?
Where do medium term rentals sit with regards to write offs?
Do these events count towards REP hours as education?
I have no occupation or own a business but I want to buy land and put a few prefab ltr properties on it. (One Id be living in) And two I want to rent out. I have the money to do so. What would be a good strategy for my scenario?
he just explained why houses won't drop in value nowdays. they can't drop value
How do I get an appointment directly with you Mark?
Hi Mark!
I would like to set up a TEAMS or a call for an international real estate investments…I’m US, but an investor in UAE…need some guidance…
By the way…my name is John.
I need a good CPA in Knoxville, TN also a good tax planner - any suggestions
Layan Talia Chokr is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks cutie
I live in Ohio i am si far behind on my real estate taxes i sm going to loose my home what eould you think i can do please help
You don't mention Opportunity Zones with capital gains????????????
Good question. I am thinking that too
Does qualifying for a Real Estate professional classify as someone working in an Architectural professional office who works on Residential and Commercial property?
I need a tax planner cpa and would like a recomendation. We are in Arizona. Wickenburg AZ.
Are you worried about UBIT at all with owned real estate in retirement types of accounts?
Can you put a self rental in a self directed roth ira?
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Thank you this is amazing ❤❤❤
Thank you. Great info.
Great Job Mark