
28 February 2025 | 1 reply
And that's before factoring in competition from seasoned investors who often have the cash reserves to avoid these costs entirely—allowing them to outbid you and still make a solid profit.If you don’t have significant cash reserves or can’t find a true off-market diamond in the rough, I wouldn’t recommend flipping as your first real estate strategy in Boston.

22 February 2025 | 2 replies
If I understand the Act correctly, the regulation allow one spouse transfer loans to another spouse keeping the existing terms without the regular qualifying requirements.

17 February 2025 | 4 replies
These loans allow buyers to purchase and renovate all in one swoop.

24 February 2025 | 9 replies
FNMA does have limited allowances if the LLC is whole owned by the borrower. https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...There's really only three reasons to put your SFR properties under an LLC:1) A DSCR lender requires it: just setup the LLC correctly.2) Anonymity: In Michigan, you can create an LLC with a Registered Agent and use their address to hide your ownership. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.

26 February 2025 | 2 replies
It's very general, not saying who represents who.You also need to speak to your broker to see if they allow sellers to go unrepresented when you as a licensee make offers.

19 February 2025 | 0 replies
The contract must include a provision that allows for a 22-day period to assign to a buyer.

4 March 2025 | 13 replies
Section 179 allows immediate expensing of assets, but the deduction is limited to your taxable business income.If your net business income (before the deduction) is only $16,962, then that’s the max you can claim in the current year—the rest carries forward to future years.The $18,308 total includes both this year’s deduction and carryover depreciation from last year’s furniture.Why This Matters for You:Your lender wants to see $19K on Line 13 as an add-back for cash flow purposes.Your CPA can’t legally put the full $19K if your business income limits the deduction.However, reclassifying some expenses (like moving office expenses into capital assets) could increase your taxable business income, allowing more Section 179 deduction this year.Discuss with your CPA about reclassifying expenses (e.g., reducing "office expenses") to allow more Section 179 depreciation.

24 February 2025 | 5 replies
Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.

15 February 2025 | 2 replies
Maybe even allow for a small kitchenette for full privacy, although it would be attached to the house with a connecting door.The yard has enough room to allow for it.

3 March 2025 | 2 replies
Do the math, see if this would allow you to add even more value to the property for resale down the road.