Nouveau Riche is the same even though I don’t think it is a true pyramid (not too sure though) they get you interested by advertising “RE investor looking for apprentice: 20,000.00†If you take the ad at face value one would be led to believe the “investor†was going to pay you a salary to help him with his business and teach you the ropes.

If you have any questions along the way, especially about professional property management, I’m always happy to help.

Right now, I'm working with a team that helps find off market properties for investors which has been a great way to dive in and connect with experience professionals in the industry.

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Keith, as long as your true intentions are actually to rent it out and you get a signed lease this 100% can be a DSCR.

This has been my strategy here in NOVA as well - though true multifamily housing stock is hard to come by as you are probably already aware.

The real material break and true crash is north of 40 months of inventory, once you get 1/3 of that so call it 13-ish months it's in correction territory and bearish at the 21-24 month level.

Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.

It is important that you hire professionals who have experience working with foreign investors.

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.

Have you already started connecting with any local professionals, or are you still searching?