I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

I'm looking at purchasing a small multi-family rental property in the Allentown or Philadelphia area, and I plan to use the BRRRR strategy.I'm struggling with the best way to analyze potential properties to ensure a solid ARV and would love any advice on effective tools or methods you use.

Furthermore, I fortunately had a visit planned to the US right around closing time so I was able to have everything notarized there.

With some proper planning and the funds to lock in materials early, you can have an efficient build, but certainly not fast.

I was planning on having the tenant pay for all utilities. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I plan to consult a tax professional but before wasting anyone's time I would like to ask whether I can technically claim the property as a rental in 2024 even though our first contract started Jan. 1, 2025?

Do they come with subscription plans for maintenance ?

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.