We do qualify to refi without adding but we are then paying the mortgage out of pocket.Our thoughts are to use the existing infrastructure to build out the 5 bedroom house, then house hack.

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

When these agents come to the table with qualified buyers they can get the property for less than other inexperienced agents and buyers.Negotiation is done with numbers and volume. 

The projects that are going up are built with less than qualified help, cheap materials and rushed to the point of poor craftsmanship all around.

You can take advantage of bonus depreciation and sec 179 (if qualified).

We also ask for 2 months worth of most recent paystubs & bank statements in order to qualify tenants.  

I have enough funds for everything, however i don't qualify for a mortgage.

I live fairly frugally, and my student loans from med school are low as I qualified for lots of scholarships and have a great repayment plan.

@LORA JOSLYN, if you have 2 years of tax returns that will qualify you, you shouldn't have a problem.

Because can't qualify for loans right now, but JV partner has 120k cash.