This way, you can have a clearer understanding of what you want to do before making that initial investment.All the best!

The 1% rule is a metric from 2014.

Purchase price: $50,000 Cash invested: $50,000 My first investment was a three unit deal for $50,000 cash.

@Shah Kadirmohideen Happy to take a look at some long term options with you.

So if you suddenly find a great deal and want to go for it, a tax return showing a massive loss could hurt your pre-approval chances.That said, if you’re not planning to buy anything else soon, deferring the depreciation might not be a bad move.

I have a great connection for you in Salem, NC! 

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

Or buy a single family and house hack bedrooms or a portion of that property. 

Purchased on 2/7/25 for $171,000, the property offered a quick-turn opportunity.

I've personally worked with Eric more than once for a Land Loan!