They always have meetings if you wanted to take a drive.

It seems like you’re positioning yourself perfectly for that with the 50% rule, 750-hour test, and material participation.When it comes to underwriting multifamily deals, just keep in mind that depreciation is not considered part of operating expenses, but mortgage interest is.

We own 7 properties that we will start developing in 2025.We are currently remodeling my wife’s two-story home, turning that into two rentals.A developer contacted us and is using our largest plot to build a four-story condo building trading one condo for the opportunity.We drive and live in an 18 wheeler debt-free saving up capital for the next opportunity. 

Select the Suffix as “ST” for street, “DR” for drive etc.

Driving to and from work you should be listening to podcastsIn your free time, I would analyze deals.

Wholesalers, driving for dollars, zillow and redfin, propwire, are all great resources for finding deals.I am a loan originator on the DSCR and Hard money side.

Yes @Michael Smythe I was planning on but I also have a small room in NYC (where I work) so the days I don’t want to drive I would stay here and go back to PA weekends but I spoke to a lender and said I would not qualify for that since it’s a bit far from my job and they might think I’m doing mortgage fraud it’s just complicated so she recommends just doing a conventional loan with 15-20% down payment and use it as an investment property Which at that point I’m not sure if it’s worth it.

Take the GC test.  

I’ve been driving for dollars in hoping to do some direct mail here soon to possibly find a deal that way where I can use my HELOC only for the purchase and still have some of it leftover for repairs.

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