Recently came across a lake house which we would like to rent out for weddings and event venues. The local Mayor is saying we cannot reuse the space for this. While no formal laws say this is restricted, we are gettin...

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.

Wholesaling is a great way to get your feet wet and build connections.

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

However, building a relationship on a lack of disclosure or a lie isn't probably the best idea, let alone the ethics of the matter.Hope this helps.

Again, this is a conversation to have with your accountant to ensure the benefits would outweigh the costs.Another misconception is that there is little value in a cost segregation study for properties that do not have a lot of personal property in them or very little interior build out, such as industrial warehouses.

Jacksonville has been building at record levels and is/was one of the highest cities in the country delivering new housing units as a percentage of existing housing units.

To paraphrase Warren Buffet “it takes a lifetime to build your reputation and only a moment to destroy it”

It's likely they may even use data of SFH with similar lot and building square footage.

Most newer wholesalers I meet are looking to do this just to build their own portfolio, hold on to the properties they want and capitalize on the ones they do not.