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Updated almost 6 years ago,
Funding for Long Term Rentals - Self-Employed
I am a real estate investor who is getting more into buy and hold rentals. Being self-employed, I try to legally write off everything I can to reduce my taxable income. That said, it seems that funding options are limited to private and hard money without showing taxes with a high(er) income. Would it make more sense to:
- Purposely forgo legal tax write offs to show higher income and then more easily qualify for conventional financing, at lower rates and better terms OR
- Keep taxes as low as legally possible and seek alternative funding via private or hard money, typically at much higher rates OR
- Is there a 3rd alternative I'm not thinking about... like credit unions
Would greatly appreciate to get your perspective on this.
Thank you!!!