Readers should seek professional advice.

Readers should seek professional advice.

Hello BiggerPockets community!I'm new to real estate and have recently become interested in wholesaling as a way to get started. I’ve been researching a lot about the basics, but I know there’s so much more to learn, ...

Know that every long term lender will require a survey and if something comes up on it when you are trying to sell or refi, you could get stuck in hard money without an easy or quick way to get out.Is there a pre-payment penalty?

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

This is another issue I see with those who seek out alternative financing because it’s the only way they qualify to make the purchase. 

Note Florida offers a 5% penalty rate when bought in the original auction, but removes the 5% penalty rate if bought OTC. 

Seek guidance from financial advisors or real estate experts if needed, and don't hesitate to continuously educate yourself about the evolving landscape of real estate investments.

Context:I’m seeking advice from those experienced in real estate investing and financial freedom strategies.I recently bought a multi-family property in Newport, RI, using my VA loan for $695K.

We want to plan in the most tax vantaged ways (which includes keeping future AGI as low as possible) and open to new-age and creative concepts.Respectfully ask to keep discussion to topic vs. selling one's self or services seeking new business.