@Yents Ybrimovic If the 203k loan only requires 3.5% down and you can finance all the repairs in the loan - then what exactly is your friend contributing?

Though I have not personally contributed to these investments for tax credits, I have personally seen these investments in action and these investments can help provide more supply of housing and development that would otherwise not be there.

The issue that i see with miami is the money mostly comes from the top earners.

I’ve been exploring strategies like the BRRRR and am keen to hear about others' experiences.I’m here to learn, share ideas, and contribute wherever possible.

I’m sure you’ll find plenty of opportunities to share insights while also connecting with other professionals and investors who can help broaden your understanding of real estate.Looking forward to seeing your contributions and following your journey as you get more involved.

Many of those plans have a December 31 deadline for annual contributions.

I understand alot variables contribute to this question so if you're free please pm.

He doesn’t contribute any of the cost.

Think about it: most of them are able-bodied adults who choose to live (mostly) free off the backs of others rather than contribute to society.Rent payments are usually steady, but Section 8 tenants took a lot more work upfront, throughout their tenancy and at the end of their tenancy.

Imagine a $185K income earner ($100K after tax) having a $600K mortgage.