Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

I took the next 5 months to tackle everything myself spending approximately 17k in supplies and tools + paying a plumber and roofer 4k total to fix those issues.

You can learn just about anything you need to complete a small project off YouTube and with the right tools.  

Building a Compliance ChecklistA compliance checklist is a powerful tool to ensure your properties meet all requirements.

Hi Scott, could you please pm me what tool could be used.

Plus, professional management companies often have tools and strategies to maximize occupancy and revenue, which can offset their fees.

Think of it as different tools in your wealth-building toolbox.🎓 The Knowledge EdgeWhat makes both investments successful?

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

It eliminates the need for juggling multiple tools or platforms, making managing finances much more efficient.With two properties, I think Baselane is probably the best option for you.

Consider starting small with house hacking a duplex or triplex, and use tools like the BiggerPockets Rental Property Calculator to analyze deals.Good luck!