I emphasized the quick closing timeline and my ability to pay cash via hard money financing to strengthen my offer.

Contractors are slow and need money to pay off christmas

A tax advisor specializing in real estate can help you navigate deductions, plan for 1031 exchanges, and ensure compliance with ever-changing regulations.

If the tenant has a reasonable explanation and a solid plan on how to recover we will work with them.You are asking the right question: how are you planning to pay double rent next month?

Do you think that sounds like a good plan? 

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

I would highly recommend a mentor or even paying a coach to get started.

Refinance and pay the downpayment.

I have shifted gears on my plan- I purchased a LTR (A Triplex) in Rochester, NY. 

The equity in my primary and other properties, combined with my income, provides the flexibility to borrow as needed—and I only pay interest on what I actually use.