My lender just called me quite flustered to say that he has learned that no one is doing the traditional 10% down loan for second homes, which is what I was going to use.

Over time as rental income replaces earned w2 income, if one spouse quits their W-2 job to focus on real estate, that spouse could qualify as a real estate professional, allowing you to use real estate losses to offset the other spouse’s W-2 income.

Also discuss with your tax person if there are any type of tax hits you will take if you transfer the ownership from yourself to the living trust- state taxes as well as federal.A will can sit in probate for awhile, quite awhile.

Median SFH are selling for right about $600,000 and properties are appreciating about 10% a year in recent years, though that can’t last forever.I am self-employed and do pretty well, but I do not have a W2 and my income varies quite a bit.

Some of them are close to 2021 levels as well, ofcourse this will be product dependent however in Australia the prices have gone up to the tune of 15-20% YOY since last 3 years so quite surprising.

We essentially created a duplex (for all intensive purposes) in a market where plexes are quite rare and usually don't make sense numbers wise.

It sounds like you're facing a typical challenge with a flip property where interest isn't quite translating into offers.

Quite possibly the coolest dude on the forums.

No matter how you spin it, you are chasing the wrong audience.Add fact 1 + Fact 2 together and you will see that drawing a conclusion is quite simple right?

Confirm their markups align with the agreementsContractors:  Do they use an internal or external maintenance team, excluding MEP scope?