Key Details of the 45L Tax Credit:The credit offers up to $2,000 per eligible unit for builders and developers of residential homes that meet specific energy efficiency criteria.To qualify, the units need to meet or exceed certain energy performance levels in comparison to the national model energy code (e.g., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.

Hello BiggerPockets Community!
I've been diving deep into the Albuquerque, NM real estate market recently and wanted to share my findings and insights with fellow investors. Whether you're a local or considering inve...

Ability to repay - can you as the borrower afford the payments based on the loan amount.Typically they will not take into consideration the mortgage on a new property that has not been taken out as that is new.

I am currently based in Canada and am looking to embark on my real estate investment journey in the United States, specifically focusing on multifamily properties. 

Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

We have a PMA, but it doesn't  seem to address these things in a way that is specific enough to where they're violating the agreement. 

Here’s how I’d break it down and strategize your entry point.Key considerations include the current and pro forma cash flow.

Considerations.1.  

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

One week into 2025 and the US housing market is facing considerable new challenges.