Joining investor meetups in your area can also help you build relationships with experienced investors who may offer mentorship or even potential partnerships.Finally, don’t underestimate the power of letting people know your plans.

But the rental too does have to meet the "active conduct of a trade or business" threshold, which does mean you wouldn't qualify to use section 179 if you have a rental that is managed entirely by someone else and you aren't at least overseeing it and making decisions about the management of it.I mostly disagree with the reply suggesting that you need to have an LLC to take the section 179 deduction. 

As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible.

I have had 3 people email me this weekend who are over leveraged and also cash strapped in that they have repairs of $5k or more, o cash to repair and without repairing cannot release unit.

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

I imagine for people who have had accounts there for a little while would be approved quickly.Also on the cashout refi definitely hit up Community Bank.

People are always unpredictable, be cautious.

First of all, let me pay my respects to the hardworking people in real estate and the treacherous waters they navigate—fronting hours of effort with only the chance of commissions and an abundance of non-forthright people out there.

Many people utilize LLCs for many different ventures because they do not want to go through the hassle of opening another LLC.

I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.