You want to be able to demonstrate that your intent in purchasing, subdividing, and improving was to hold for investment use. 

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

Of course, it comes with many different challenges.

Unfortunately, the end of 2024 has brought a string of financial challenges for my family, and I’m feeling the pressure.Two weeks ago, I was laid off from my job.

Investment properties prove to be more challenging, but not impossible when titled in your own name.  

What are your current goals or challenges in real estate?

And how can we align our approach to meet those expectations and improve our chances of securing financing?  

Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.