We came across this deal through our trusted network of contacts, which we’ve cultivated over years in the industry.

I just moved out to Belfair, Washington and would like to dip my feet in the real estate industry.

I am now able to offer 85% LTV on a purchase only.In terms of a cash out refinance, the industry standard is a max of 75% LTV.

Not really...some people exclusively wholesale. 

It sounds like a great opportunity to connect with fellow investors, vendors, and professionals in the industry.

In addition to that, you still need an additional 24 months of practical construction experience to qualify, which is more than enough time to weed out anyone who can't handle the real-word construction industry.

I would love to grow my knowledge and experience within the real estate industry.

Congrats on making a mental commitment to this industry.  

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

We'll get a new arena for the OKC Thunder soon, unemployment continues to be low and the market is less reliant on the oil and gas industry that in the past.