All Forum Posts by: Ming Ming Liu

You can potentially rent it out as a "housemate" listing, or do AirBnB/HomeAway (based on your cities STR regulation).

I couldn't find information on this in the forum or online, but heard about it on one of the BP podcasts. How do I deduct mileage expense while I'm searching for my next property? Does it matter whether or not I have made the purchase? Does it matter whether or not I quality for Passive Income Loss?

I'll plan to come to the 11/30 meeting at Barley's at 6:30 PM. See you there.

I'm local to Knoxville, and am looking to purchase my first rental in the Knoxville market. I'm looking at properties on MLS, because if my only access right now. The market here is such that it's hard to cashflow unless I'm offering 20% below asking on MLS properties. I found a couple of properties that sat on the marketing for close to a year. The couple of (buyer) realtors I've worked with seem to be very reluctant to make a 70-80% asking offer. They became slow to respond after seeing my offer amount, and it has limited my ability to make offers.

I would like to make some deals that makes sense from cash flow perspective, and not count on appreciation on a market that has passed its pre-recession peak.

What strategies have my fellow BPers employ to get realtors engaged? And/or ways to get offers through.