Today, adjustable-rate borrowers qualify based on their ability to cover a higher monthly payment, not just the initial lower payment.”In simple terms, banks used to give loans without checking to see if buyers could afford them.

But, I always try to get my borrowers to qualify for conventional because the terms are better then on a bank statement loan.   

Always consult with a qualified professional before making any real estate investment decisions.

This process involves verifying that a family’s income falls within the specified limits to qualify for housing assistance.

APR also considers the fees associated with the loan, so yes it will be higher than the qualifying rate. 

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

If you're a newbie working on a big project and don't have a lot of time to commit to it - it probably makes more sense to pay a GC to source materials and labor.If you're seasoned and have a good idea of what is needed / can adequately qualify subs then go for it.Another thing to consider - do you have trusted boots on the ground that can keep an eye on the project for you?

But if you want to maximize your deductions now or plan to sell the property soon, then using it now could be better.Also, if you or your spouse qualify as a Real Estate Professional for tax purposes, the losses could offset other income, like your W-2 salary.

He is an attorney and owns 1031 federal exchange as a Qualified Intermediary.