I have seen instances where clients convert to a two unit and the property is worth less than if they did a higher end rehab of a single family.best of luck!

In Washington for instance, it is actually a felony to solicit someone who is or someone who MAY go into pre-foreclosure.

With an irrevocable trust, for instance, the property is considered outside of the personal estate of the grantor, which can lead to different tax treatments compared to a revocable trust where the grantor maintains control over the assets.When it comes to capital gains tax, it's not just about whether the property is in a trust but also about how long the property was held, the basis at the time of transfer into the trust, and the selling price.

@Evan GaterBoth are not seniorThe one that was recorded first (lower book and page number) would be the senior in most instances unless it was recorded inproperly and there was a subordination agreementTypically the higher value loan is first as well when recording at same time.Hope this helps

If you need a W2 income for lending underwriting purpose for instance.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

For instance I have a great contractor.

Someone telling you that you need asset protection, but cannot tell you in what instance you could possibly be sued for that insurance would not cover you.

if your doing fha va then your basically 95% leveraged and you should not expect positive cash flow until rents rise a tad.. have small negative cash flow on a highly levered deal is not a bad thing I you have a quality property and you believe rents and values will rise over time.Virtually every investor for instance that invests in the SF bay area is negative the first 2 to 5years but then they kill it on appreciation..

For instance, if you are looking to do a do a BRRRR for a single family home, you can use a private/hard money finance for the purchase & rehab, and for the refinance you can use a conventional Fannie Mae/Freddie Mac loan or a DSCR loan.