I do not lend my own money as I am a mortgage broker but I have the resources to get you what you need at a good price.

I paid for the renovations with cash and now since my credit is 2 points below I can’t get money out???!

If you want to point the finger, we can blame the Fed for holding rates low for so long, and the govt for printing 5 T, making money real cheap and allowing these NY investors to over pay on the real estate.I guess you have to wait until the banks take these assets back.

I’ve got a bit of a weird tax question.

I do have some money in savings that I could use for a down payment, however if I use only that money, I will be quite limited in how much I can spend. 

If you have the money for a consultant, then you can probably spring for their events/seminars.

Or for Closing cost, Ernest money deposits, etc.

I am an old head in the game and started before many forms of private or hard money lending existed.

Calculate depreciation only if you are filing your own tax returns.

Alex:  Most of my clients start seriously shopping for the replacement property about the time they have a PSA on the relinquished property or perhaps after the earnest money goes hard on the replacement property.