All Forum Posts by: Rene Hosman

Have you heard of Equity Trust Company?

Quote from @Henry Clark:

OP

I vote yes to the following.

1. WHY? REI. Have a forum section on WHY? Shout out to Nicks Boathouse in Pensacola. Eggs Benedict with crab. Best Green Fried Tomatoes I have ever had. Paid for by REI both money and time.

2.  View count on posts.  Other forums do.  You do on blogs.   Helps me tell which topics are more interesting.  I have found most BP members don’t post.

3. Podcasts- use more of the posters on the forums. To me they have street cred. If you post 100s or 1000s of post the BS shows thru. Or you're the real deal. I have watched 3 podcasts in my life. Of the mm BP forum users I will watch more of the BP posters who have given freely to the community more than other REI celebs.

4.  Improve the lookup function.   Even if I type my name in and the post title I wrote it won’t pop up near the top.

5. AI baby. Is REI or the S&P 500 best. This is an old topic that keeps recurring. Which it should. Start having an AI response even if it has a disclaimer this may be wrong. Or what is the best REI market. Everyone should know, it's where you live. AI a response then let the conversation begin.

Monetize- after day 3 of a post reference paid for material or advertised material.  Or podcasts.  There is so much material on BP now.  Direct the person so the connection is made.

As a former Controller and CFO I always prioritized profitability and Customer experience when viewing our companies directions.  Learn to monetize the above comments.  As a PE firm you have a 3 to 5 year horizon.  Glad to help you improve my experience on BP.

Keep pushing the dream of WHY?

 Could not agree more with the WHY Henry! I do hope if you're open to it, that you clicked the link for the screener, I know you've been around a long time and brought a lot of value to the forums yourself, so if you're willing to talk to the product team I think you'd have valued insight!!

 Sounds like good moderation to me :)

 As mentioned your post was removed because you made an inappropriate comment on someones physical appearance and that is against the rules, i even noted that if you removed that specific part of the post you could repost your comment. So don't come here trying to make it seem like you were unfairly treated simply for making a comment on a speaker. You know that's not the reason as the reason was explained to you in plain english

 Hey Matt, out of curiosity when you say "mobile" are you referring to the app or a mobile browser? I find it's significantly easier to navigate the forums on the app if you have an iphone!

 I applaud you for trying to negotiate as we're always telling people to try and negotiate better deals! 😁 However no, the $50 gc is a mere thank you, not intended to be compensation based on experience or value of your time

*** EDIT 9/12/25 currently closed for submission but will reopen for round 2! Thank you all for your willingness to help!! **** 

Hi everyone,

I’m Rene, Community Manager here at BiggerPockets — and I’m excited to share a unique opportunity to directly impact what our team builds next for the millions of investors in our community!

What it is: Live-testing a prototype of a potential product our team has been working on in exchange for a $50 Amazon gift card.

How it works: We’ll schedule a one-hour video call, where you’ll go through the prototype, share your honest reactions, and answer some specific questions.

If you’re interested and available on either 9/10 (Wednesday), 9/11 (Thursday), or 9/12 (Friday), please start by filling out our quick screener survey here. If you’re qualified, at the end of the survey, you’ll see a link to schedule your call.

Thank you in advance, and we hope to hear from you! 

(PS: If you’d like to participate but spots are already full, don’t worry — we’ll be conducting additional rounds in the coming weeks, so keep an eye out for a follow-up!)

I'm going to say something super important that hasn't been mentioned. It seems like many replies have been based off of if this was YOUR IRA. You said it was INHERITED. If this is an inherited IRA are you required to make the withdrawals within 10 years? Check with the bank that the IRA account is at and with a tax pro. And if this is true, disregard the earlier comments people have made about the 20-25% penalty because that won't apply but you will be taxed ordinary income on withdrawals (do your research but from personal experience). 

Unless you have a year you know you'll have low income in the next 8ish years (taking a sabbatical, big career change, etc) it shouldn't matter as much when you withdraw it if you think your personal tax rate will be fairly consistent. 

The beauty of putting this into an STR is that they're much more tax advantageous than a traditional LTR or MTR rental! Which can really work in your favor in terms of being taxed on the withdrawals. You have to consider the overall investment, with taxes factored in even if the market is saturated, can you make it work and does it make sense financially from just a tax perspective if you look at the bigger picture?

I'd recommend:

Reading both Short Term Rental, Long Term Wealth by Avery Carl and also the Tax Strategies books by Amanda Han The tax strategies books may be a bit overkill but even if you hire someone - which in this situation, you should - I think it's great foundational knowledge!

Because of the tax implications of the IRA withdrawal, and also the timeline in which you have to work (10 years is a long time, but still) definitely consult a qualified tax specialist, and make sure they have specific expertise in short term rentals! Because if you do this right you may be able to balance the scales between how much you'll owe in tax for the withdrawal, and how much you can write off from having an STR! Here's a place you can start to look for a great tax person familiar with real estate investing 

Third, if you're really ready to dive head first into this short term investing thing, consider coming to BPCON this October in Las Vegas. There's a whole track on JUST short term rental specific content. No joke, I left SO inspired last year, I closed on my first BRRR within a month after BPCON after dilly dallying with what to invest in for over a year. Plus if you get the aforementioned great tax specialist you may be able to write off the entire trip as a business expense!! Both of the authors of the books I mentioned earlier will be speaking and around at the events, they're awesome resources as well as Garrett Brown

Best of luck @Sean Burns !! Please come back and share with is what you're learning as you go through this process and on your investment journey

Don't forget to book your room at Caesars Palace before we're out! The only thing as great as the sessions at BPCON is the networking you get to do. When you stay on-site, every hallway conversation, elevator encounter, and chance meeting is a potential breakthrough.