Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

Hence, the decision was to make the flight using a single-engine plane.The same logic applies to multi-family properties: a fourplex has four times the vacancy risk of a single-family.

Take $3,000 off the HELOC and apply it to the 1st mortgage. 

I plan to apply for an FHA loan for my first investment if I were to find a deal, but if I can't something that works for buy and hold.

The husband told us to apply through Zillow, so we filled out the application on the platform.Before completing the application, we spoke to the wife over the phone to clarify some questions.

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

Continuous flooring concerns generally apply more to wood flooring, where matching is harder and more expensive.

Question is: if I have one of these LLC (owned husband and wife, in a non-community property state), but it's a just a passive LLC - such that all it does is owns public securities (ie, our brokerage accounts are titled in the name of the LLC), does the same rule apply?

Hello All,I am new to the REI world and have applied to be a franchisee for a house flipping company.

@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?