There is so much to learn with strategy, tax advantages, cashflow, and systems.

Great posts.I’ll add a few: Not underwriting post renovation property taxes for BRRR’s.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

Once you understand LLC and irrecoverable trust would give you more harder time getting financing, then you start having second opinion, this is also true for what people hearing about this and that tax advantage in real estate and stuffs.

Your tax software will be happy to oblige and "allow" your losses.

What about taxes and insurance, how much are those?

@Abdul Aziz Tambadou we assist our clients with tax appeals.Read more about how Michigan Property Taxes work below:Michigan has some of the most complicated property taxes in the USA.

The owner has until November 29 2024 to pay the 2019 tax bill or the tax lien holder can start the foreclosure process.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

It's a cheat code.I recommend consulting an REI-savvy tax pro for these types of questions.