Hey everyone, I’m Stan.I’m involved in the Cost Segregation space and spend time around these types of projects.

I am becoming more involved with the business so I decided to get my brokers license and learn more about how other people manage larger complexes.

If all parties involved are informed, including the lender, this is 100% legal. 

They can also file federal racketeering charges under RICO (the Racketeer Influenced and Corrupt Organizations Act), especially in cases involving large-scale mortgage fraud schemes.(18 U.S.C. §§ 1014, 1341, 1343, 1349 (2024).)Loan application fraud statutes carry up to 30 years of prison time and $1,000,000 in fines.

Quote from @Adam Wachter: Quote from @Rohullah Sharifi: Short-term rental (STR) activities require active participation and proper documentation to substantiate your involvement.

I would suggest that your lease obligate the tenants perform small maintenance to the rental property, so long as it is safe for them to perform the repair and the repair is, by its nature, a minor repair that does not involve any special skills, tools, or licenses.

Need some insight from anyone involved in buy and hold market in NYC. 

My role involves helping global investors understand the Dubai market, navigate the investment process, and connect with reliable on-the-ground resources. 

My role involves helping global investors understand the Dubai market, navigate the investment process, and connect with reliable on-the-ground resources. 

My role involves helping global investors understand the Dubai market, navigate the investment process, and connect with reliable on-the-ground resources.