Look for a local credit union that can offer a cash-out refinance once the work is done, ideally with minimal seasoning.

Engaging with seasoned investors and participating in discussions will expand your knowledge quickly.

Those non-cash expenses definitely helped us out during tax season.2.

Hope everyone is having a wonderful holiday season!

For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

While we sympathized with their situation and wanted to help during the holiday season, we decided to stick with our policy of returning deposits only after move-out.

I’m reaching out to you, the seasoned investors, for guidance as I work toward making my first acquisition.So far, I’ve analyzed over 100 deals to assess their viability and profitability, and I understand the law of percentages in CRE.

It’s a short term rental started in Oct 2024 and earning during this off season is under $10K but cost segregation has nothing to do with rental income only depreciation of the property and with bonus depreciation being 60% this year I think it’s worth it.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.