All Forum Posts by: Ryan Huggins

There is no "flipping license". You can buy and sell properties representing yourself (you just won't get paid a commission without a real estate license). A real estate license will make selling the homes easier, just make sure you get with a broker that will allow you to sell your own homes.

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Short term rentals are not in the best interest of the HOAs in general. Some have restrictions how many units can be non-owner occupied at any time.

Also check with your city/county tax assessor. There could be tax collection hurdles that would make it unappealing for the community. You're better off looking for vacation communities that are built around this. Many exist in places like Hawaii.

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Yeah, unemployment percentages are by design misleading. Been out of work for more than six months? You're no longer counted as unemployed. Are you a world renowned neuro-surgeon flipping burgers? Guess what, you're "fully employed" when in reality you're "under employed."

Went through economics 101 back in the 90s, haven't trusted unemployment or GDP numbers since.

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They are not sellers. Don't spin your wheels on someone who won't sell. Go find someone who will sell.

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In California the security deposits would be transferred to you at COE.

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Originally posted by @Stephanie Medellin:

@Chris C. After clicking on your link and seeing only one photo, I googled the address to see if any more photos would appear on other sites. On 2 sites I saw the old listing. You should definitely make sure your listing is syndicating to other websites with all your photos. I would definitely also lay down sod and take new photos of the outside. That should get you more showings with more interested buyers. People who are looking for a finished, remodeled house will probably think yours is not updated based on the exterior photo.

Thanks for seconding that Stephanie! Redfin didn't have it and that was #1 on the SERP for his address.

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Originally posted by @John Thedford:

@Ryan Huggins

Real estate and machine guns make a great combination...at least that is what I have been told:)
If you go to my website you will see a "we buy houses" page along with another page on RE.
Move to FL and I can hook you up with both:)
www.NFAsales.com
This MP5K shoots from inside the briefcase. Not sure I want to sell this one!

That gun reminds me of the guitar case guns in "Once upon a time in Mexico".

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Originally posted by @John Thedford:

Originally posted by @Ryan Huggins:

In my experience, NO. It is not a business expense. Always check with your accountant.

I'm an NRA certified instructor in "Basic Pistol" (think "Handguns 101"). I recommend a LOT of training and you have to know that if the "defecation hits the ventilation" that you will 100% use that gun to stop the threat, even if that means taking a life. IF you don't, the bad guy will end your life with your gun. Know the laws of your state too and what it takes to get a concealed carry permit. Also look into insurance and what to do should you have to use deadly force.

Pro tips: Go with a knowledgeable friend to the range and try out MANY guns before you buy one. If the range also sells guns (most out here do) they may let you try several without additional fees if you buy a gun through them. Nothing is worse than spending $400-$2,000 on a gun, plus another couple hundred on ammo, just to find out you don't like that gun!

Of course the biggest tip: Don't buy homes in unsafe areas!

You can't stop the bad guys from coming to the nice areas but you CAN stop the bad guys:). Most of these are not legal in CA so your only option is to move to a free state.
AOW 12 gauge
MP5
MAC M11A1 with silencer
Mini-Uzi
Colt M16

John, you can't even have your fingers in the shape of a gun in CA! I love my vacations to Nevada where just about everything is legal. Now if only my CA CCW had reciprocity there... or anywhere!

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Originally posted by @Christopher Smith:

I agree with the ordinary and necessary hurdle conclusion.

In a totally unrelated, (yet at the same time in a totally related example), I've seen the IRS (and even Courts) permit women getting breast implants to treat them as a necessary part of their business activities (they were nightclub entertainers - i.e., strippers).

Normally you would never think such a thing could ever pass muster (i.e., its 100% a personal expense and a somewhat frivolous one at that - right?). However, because of the very unique aspects of their particular profession, the Service (and Courts) can accept this as an expenditure directly related to business activities.

Below is an article excerpt demonstrating this (you can easily find others):

"In 1994, one stripper's attempt to get more tips led her to undergo breast augmentation surgery. She then proceeded to deduct the expense from her taxes. A tax court judge ruled in favor of the stripper, stating that the implants were a stage prop, and thus a legitimate work expense that can be deducted."

I somehow remember reading about this, or at least similar cases since then.

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Originally posted by @John Thedford:

I like this question. I suggest an MP5. www.nfasales.com can help deal with the bad guys:)

Love the MP5!

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All Forum Posts by: Ryan Huggins

Ryan Huggins has started 0 posts and replied 63 times.

Post: Are you licensed is it necessary

Post: Looking for advice on how to encourage HOAs to adopt Airbnb

Post: If you are buying when unemployment is 4%, you are buying trouble

Post: How do you convince an owner to sell?

Post: What Happens to the Security Deposit at Sale?

Post: Difficulty Selling My Flip

Post: Writing off a firearm?

Post: Writing off a firearm?

Post: Writing off a firearm?

Post: Writing off a firearm?