If you intend to occupy this as a primary residence you could "assume" the loan meaning you would personally need to qualify with the existing lender to take on the loan in your own personal name. 3.

These expenses can create a paper loss, which may offset other passive income or carry forward to future years.If you qualify for Real Estate Professional Status (REPS) or actively manage a Short-Term Rental (STR), the losses can be applied against your active W-2 or business income, reducing your overall tax liability.

By tapping into my network and refining my negotiation skills, I opened up a world of possibilities—opportunities to grow my portfolio faster and smarter.Off-market deals have become the backbone of my real estate strategy, allowing me to grow my portfolio faster with less stress.

If not, wouldn't that mean the local area would no longer have eligible voucher holders looking for qualified homes once they run out of funds?

We managed to navigate it, but it was a lesson in the importance of understanding both federal and state regulations.Given your location in Boston, Massachusetts, it's especially pertinent to consult with a qualified intermediary or tax professional familiar with both federal and Massachusetts state laws to ensure a smooth exchange process.

If you qualify, you can use passive losses, like those from depreciation, to offset your active income.

No W2 is required for DSCR Loans - one of the main benefits as its strictly no income verification for qualifying.

The structure for this is a discounted sale, lease back, buy back.One of the partners is a qualified intermediary as well that understands the plumbing behind it to make it 1031 compliant.If you have any questions on that - feel free to give me a buzz.

Do we need to go through the whole condemnation process to qualify the transaction for a 1033 exchange?

I’m not skilled in repairs and live in a high-cost, tenant-friendly area, what would be the best way to invest my money?