Outside of that, your other options would be to buy a house using investor financing with an LLC that you're equal members of, and share equity of the property. 

On tax benefits, last year we had a tax loss on our MTR business that lowered our personal taxes by an amount equal to 20.8% of our MTR gross rental income.

HMU if you need anything as I live close to Warren as well.Thank you so much for your reply and vital information, I would love to connect with you being that you are local if it’s OK I can send you my contact information 347-631-4656.

If the seller’s offered compensation is equal to or greater than 2.5%, I will retain up to 3% of the sale price as my commission.

. $50,000 times 15 acres equals $750,000.You give that $750k development right to an agency, and It is treated as if you gave $750k to the Red Cross.It's a huge deduction.Depending on your tax bracket, that tax deduction could be worth several hundred thousand dollars to you.It's a pretty big deal.

Your active participation and readiness to take action, supported by solid financial foundations and relationships, will be vital to capitalizing on attractive real estate deals.The question remains: will the Federal Reserve’s moves lead to a soft landing, or are we bracing for a more turbulent economic period?

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

The 1245 property (think personal property and bonus depreciation) is recaptured at ordinary tax rates though… so the new property must have an equal amount or more 1245 property. 

You should make sure that in the worst case scenario (no rooms rented out), that you will be able to afford the mortgage.Even though it's unlikely all the rooms will be vacant, its equally unlikely that all rooms will be rented out for a long time, room renters tend to move around a lot so you still want to make sure you're prepared for the vacancy, as Koren mentioned above expect leases under 12 months.