FAQ’s

Short term rentals have been done under the radar for years. When various internet services began to offer properties in typically residential neighborhoods, it caused cities to look at their ordinances. Most actually prohibit short term/vacation rentals, generally those shorter than 3-6 months.

Some communities are permitting by ordinance certain geographical areas or properties zoned for multi-family or hotels to rent on a daily or longer basis. Do not automatically assume you can do this with your rental. Actually if your rental is in a development the association and/or the city may prohibit it. Some that do require permits and fees.

Visit our strategic partner KEYLADDER and contact KEYLADDER if you are interested in acquiring a vacation rental property. Check out Christies Gulf Beach Rentals if you are interested in staying at one to determine if you have an interest in acquiring your own.

This is called “Passive Investing”. Many people have full time jobs and want to increase their wealth through investing in residential rental property. This can be done with almost zero effort. Professionals can select a property that meets your goals and manage it. Regular rent deposits into your account and a once per year discussion with a CPA is all that is about all that is required.

View our First Time Investor page and learn more about our program. Click here.

This is called a 1031 exchange. There are rules of course and you need to use the services of a company that is permitted to be the intermediary. Basically, you sell a property and have the proceeds transferred to the escrow account of the 1031 specialist.

You have 45 days to nominate a property and 180 days to acquire the property and complete the exchange. The 180 days includes the 45 days. This is all done without paying taxes on the income earned on the first property. It’s a way to keep moving the money forward until one day you sell a property and pay taxes.

You can take a loan against the property that you are buying, this is how investors cover extraneous costs. This is not taxable because it is a loan. The loan must be repaid however.

Yes. There is a mechanism available to fund the purchase of investment property with funds from an IRA. You can not use a 401k program without moving some or all of the funds to a roll over account. You can roll over any IRA to a Self Directed IRA for the purpose of buying investment property.

There are some rules of course but they are not onerous. Please read more about this in my blog article in the Property Investment tab on the main menu. Click here for the blog article about this topic.