Montgomery County update their laws regarding ADUs recently, which definitely opened up more opportunities for house hackers and investors alike.ADU regulations generally apply when you have a completely separate dwelling unit on your property — think a basement with its own entrance, kitchen, bathroom, etc.

Whether it’s through mentorship, case studies, or real-world success stories, seeing how other investors have navigated challenges and succeeded can provide you with invaluable insights.These stories don’t just offer inspiration—they offer real strategies that you can apply to your own journey.

I even took some of the concepts discussed in the book and applied it to how I manage my personal finances as well, incredibly helpful read!

Now applying this to Philadelphia, you can easily go into areas of North Philadelphia or areas of SW Philadelphia just as examples and find properties that pencil as BRRRR's as easily as it is to pick produce out at a grocery store.

@Ofir R. we've helped several in the past from Germany - usually trying to save their portfolios after they dealt with the wrong "experts" and made bad decisions.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Don NicolussiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

BUT this applies to experienced builders who have a strong track record of successful projects without trailing loss history.  

Yes, so I'm using standard cash flow from operations GAAP, which would be as you said adding in depreciation to net income.I need to learn how mortgage pay-down principle applies to cash flow since mortgages are not considered operational expenses. 2.

When a tenant pays rent, I apply it to the oldest month of rent owed first.

(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.