They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.  

- very low remaining mortgage balance!!

@Paul Lucenti You are saying the rent collection is $2,075/m, the mortgage is $950/m and cash flows $1,100/m.

Best of luck 👍🏻 @Justin This is almost perfect advice but you do need 3.5% down with an FHA mortgage.

If we see any reduction in interest rates in the near future, we expect the market to become even more active, which would only amplify the already noticeable shift.Jan 1, 2020 to Jan 31, 2025 Mortgage RatesIn summary, while we are still navigating some uncertainties with higher rates, the outlook for the Las Vegas real estate market in 2025 is promising.

If you see a bunch of title issues (multiple mortgages, liens etc) the approval will be more difficult.

.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

➡️Manage existing portfolios.

If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.

Yes, sewer clean outs are required on new construction, but on a 1947 rehab house that didn’t have existing clean outs, is it really possible that I can be required to install them?