All Forum Posts by: Garrett Favier

Hello BP!

Looking to move from the standard H&R Block/Turbo Tax models to a professional CPA that understands investors.  Currently investing in company 401k, Back Door Roth, Stock Market and have 4 rental properties with that profile growing.  Looking for a CPA that can advise on tax strategies for my investment profile to optimize my taxes and also advise for potential strategies for the future.  Currently live in Columbia, SC and open to someone either local to South Carolina or a general tax advisor out of state I can work with remotely.

I appreciate any feedback on any tax strategies and also recommendation on CPA firms or individuals to reach out to.  

Hello BP Community!!

Current investor with residential deals and have an opportunity to move forward with a 5 Unit Property that I plan to move into as a primary residence. I am looking to leverage my primary residence for a lower down payment and live in one unit for the minimum period my loan requires before making my unit a rental (renting out the other 4 during that period).

I am looking for advice on the Loan type I will need as I have read and received different information from banks on the unit total that makes it a residential vs commercial loan.

1 – will a 5 unit be eligible for a residential loan?

2 – If not, is there any advantage to making this a primary residence if it is a commercial loan/what is the typical down payment % for a 5 unit?

3- any other advice for this first smaller multifamily in my portfolio would be much appreciated!