I especially like the point about not trying to talk the seller down by creating a list of flaws.

Hi @Erin Colbert,The law requires owner-occupancy of either the newly created JADU, or the single-family residence.

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Quote from @Lauren Cartmell: Quote from @Bruce Lynn: Happy to assist you Lauren. 

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

The connections you make can open doors, create opportunities, and even help shape the direction of your career.

For first-time investors, house hacking is the smarter, steadier choice. 

PG's are worthless those that have PGs that are worth anything dont need gap funding they have the cash.this is a play for folks you know well .. not for internet facebook BP etc.. people that do this do it because they know you like you trust you and think your a good operator.Public has to many other choices that are much safer bet.. its not always about ROI with those with money..

I've rehabbed old downtown buildings in a nearby city to Milwaukee.I'll see how I can assist Stormi.

How do others manage to create positive cash flow from MF properties with debt?