Lately I have been hearing a lot about his method of using a HELOC loan and using the proceeds from that as a down payment for multi units.

That being said there are also areas in Suburbs I would avoid like Norristown and Pottstown due to their nature (class C or lower). 

Those reasons are perfectly outline my personaAfter researches I’d realized that the best place to do real estate in a scale is in USA 🇺🇲My intention is to do the BRRRR method and to be expert in that and with other financial creative strategies Continuing to document my experiences, lessons, and insights, hoping that it helps others like me, I invite you to follow, share with me your insights, and come on let’s connect!

For the insurance deductible on the claim, it depends on the nature of the claim: if it’s for a repair, it’s deductible this year; if it’s an improvement, it needs to be capitalized.

Plus, you get the added benefit of appreciating property values in promising areas.It's always great to connect with fellow investors who appreciate the value of tried-and-true methods.

After you get some basic information from there, you should use the enemy method to identify how well competitors do in the area. 

The last decade has been easy for investors to use the BRRR method, but now we need to learn other methods. 

I would not due business again due to the nature of the financing terms and the home quality.

Two I often see discussed in these forums is 1% rule and the BRRRR method where 100% recoup of down payment funds and closing costs are the end goal and if one or both of these boxes aren’t checked the property is not considered.

I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).