With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

Let me know if you need anything and what projects you may be working on and I may be able to help out.

It definitely can be done, but it takes more time and more investment per deal to hit $500k fees.Its also a much, much smaller network.

This exemption can be a game-changer when it comes to reducing your property tax liability.

They are brutal in all of South Carolina, but specifically in Columbia.A $1,000,000 investment property would be paying over $28,000 year just in property taxes.#1 tip I'd give if you're buying existing (or building) is to call the assessor and ask specifically what the new assessment will be after improvements.

Bottom line: There may be large monthly cash flows, but they won’t be going into your pocket :(Positive InteractionsTo be fair, James Wachob and his team are pleasant to work with.

It also typically includes liability coverage and pays out RCV for damages.Thanks Lisa I am not an insurance expert, but the main point is, you want to be certain that the policy is not a standard homeowner's policy, nor standard landlord policy.

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

Obviously geographically the risk of a major earthquake is real with the New Madrid fault being close by.

Newer construction homes are a little easier to sell when you decide to move out or rent due to the age of construction and being more turn key.