@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

@Alec Jacobs you have a good process as far as making them fill out a application before touring the property.

we have two properties under agreement and both are $2M + and VA loans, which i was shocked they go that high, so yeah they are powerful.

You can watch closely to see if it is something you would like to do on future properties.

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

For finding my first properties, word of mouth and local networking worked well, plus reaching out to hosts on Airbnb with personalized messages.When pitching, focus on how you’ll add value (like boosting reviews or optimizing pricing) and avoid coming off too salesy.

I kept find info about it being a scam and another thing that throw me off is on one of their videos there was this guy that I seen before on another Real Estate commercial.

The first mistake is the property is free and clear.  

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange.