Due to this search, I set up a three-member team to do searches using various lists and qualify it for me and my investors. 

I wanted to get started in real estate investing and knew I could qualify for this home and convert the basement into a rental unit so it was the right house to start with.

While they tend to offer lower returns than stocks or real estate, they provide stability and consistent income.Another potential avenue is health savings accounts (HSAs), which offer a triple tax benefit—contributions are tax-deductible, earnings grow tax-free, and withdrawals are tax-free if used for qualified medical expenses.

The key difference is that when buying as an LLC, you won’t typically qualify for traditional FHA or conventional mortgages.

If you plan to house hack, you will want to qualify for a conventional loan for better terms.If you feel like youwill have a long term business plan or have a partner involved, then you should set up an LLC.

To qualify for a $900K DSCR loan, you would typically need to show rental income of around $8K per month, assuming property taxes are about $10K annually and insurance is around $3K.

We seem to be returning to the “Drive until you qualify” days, where homebuyers are forced to move further out to find affordable housing.For someone who works in Marlborough and only commutes a couple of times a week, buying a multifamily home in Worcester might seem like a smart investment.

You can ever use the income from the other unit toward your own income when qualifying for the loan.Good luck!

A loft area, for example, does not qualify. 

Focus on maintaining good credit and building cash reserves to qualify for better loans and manage expenses.