Thanks for sharing this question here, it's a great one that I get all the time.

Out of state vs. in state is such a great question.

I would confirm this with someone a little more well versed in NYC or give them a call to see if they can answer your questions.

I knew that we were going to have a lot of back and forth, and that there would likely be a problem at some point that we would need to solve together.I needed to have confidence that whoever I signed an LOI with wasn’t going to back out at the last minute for a silly reason.

And for any who question how legit my info is on sec8 Payment Standards, here ya-go, the current 2024 rates in this area.

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"

Hello everyone! I analyzed a deal and the numbers are looking great! However, it's a deal in a different state and during the Facetime showing, I could tell the tenants were gross and makes me think they don't care ab...

@Austin Tess  @John Clark  Hi Austin,  Great question---I would happy to talk to you. 

I own a home that is too large to rent - no demand.  I have a 2.5% interest rate on the balance of the mortgage.  We will be moving but I like to owner finance what is left on the mortgage at a higher interest rate be...

So I am less concerned with that one at least for the time.I enjoy researching many things and solving complicated problems, but figuring this out has not been one of them.