Driving by a property today to see if makes sense to walk.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

All properties are eligible for a cost segregation study as long as they are investment properties.

What are you protecting your property from?

Compare this to other hard money lenders to ensure you’re getting a competitive deal.Reputation: Before working with any lender, it’s crucial to check reviews, reach out to other investors who’ve used them, and potentially even meet with them in person.Experience with BRRRR: If possible, find out if they have experience funding BRRRR projects specifically.

Remember last summer when mortgage rates briefly dipped, and it looked like more homeowners might finally list their properties?

If a deal doesn’t meet your criteria, don’t hesitate to walk away.4.

It’s great to meet you, and congratulations on your journey into real estate.