That still has the 50% use requirement, but can be used to create a tax loss. 

@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

However, it adds up quickly if you analyze the cost of turning the unit, marketing, vacancy loss, and your team's time to find a new tenant.

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

Recently decided, to invest in a mobile home park but sold at a loss.

I hope your attorney can help you and remember to stream your energy to find the next deal yourself so you can cover this loss; this is the most helpful way to let go of that feeling of being scammed.

Hope everyone is having a wonderful holiday season!
Unfortunately, the end of 2024 has brought a string of financial challenges for my family, and I’m feeling the pressure.
Two weeks ago, I was laid off from my job....

I did one house I may end up taking a small loss on, we'll see.

If you are new, it will take you a year to recover from a 1-star review.I have been staying in timeshares and short-term rentals my whole life.

This property gives me significant income, so losing it would be an extreme loss.