Today, we’re diving into the vibrant world of Broward County’s real estate market. Whether you’re a buyer, seller, or just a real estate enthusiast, there’s something here for everyone. Let’s explore the trends, the t...

I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.   

Study the market.

You would only have to prove your ability to pay the existing loan and would not be qualifying for a new loan with all of those FHA requirements.   

I've been studying everything (RE) and wholesale real estate for almost two years and looking to get my first deal done. 

Start by learning the real estate basics, study the market, set your goals, get a team of experts, make friends in the field, look into how to pay for it, begin small then grow, do deep checks, and go for it.

At this price point, would a cost segregation study even make sense to do on a condo so that I could take advantage of accelerated depreciation? 

Vs the ones, the individual that went home study the word, put the methods to practice and elevated.

You need to study IRS Publication 523 concerning Sale of a Residence.

To answer your question Yes, you only need one form to prove you have the funds , you can use that one letter for any property you are trying to get under contract .