The only problem I now see is that I got sidetracked from my plan and now I'd like to pivot and adjust my routine to my interests and become the investor friendly agent, helping new and existing investors get their first or next investment.

Purchase price: $150,000 Cash invested: $20,000 Sale price: $260,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Jason Arguelles, bought a property on Elysian Fields Ave, New Orleans, LA, on 10/26/2023 for $150,000.

If you already own in Jefferson County. Now is a good time to reevaluate your infrastructure. Are you getting the best terms on your DSCR Loans? Do you have a CPA that is applying the tax code for your benefit? Do you...

Hi everyone,
I purchased a property recently on SI, NY. There has been such a journey with renovations and the person repairing the property, but hey!,  nobody said it would be easy... Anyway, after appraisal we were...

Generally speaking, I have not seen underwriters look too deep into occupancy concerns related to second home vs investment property since Fannie/Freddie installed new LLPAs a couple years ago that make the pricing for each aligned in most cases.

After my research I no longer wanted a new fancy ready to go home, I was looking for a fixer upper.

I am a new real estate investor who is looking to close on my first deal in the next 2 weeks and I want to be prepared for tax season.

However 2 things to note: 1) DSCR loans for future investment property acquisitions do not care about your DTI (DTI only really matters when buying a new primary or any time you are using a Fannie/Freddie/Ginnie loan).  2) After 12 months of proof of someone else paying it for you, you may be able to omit it from your DTI calculation. 

New kitchen, bathrooms, paint.

@Wayne Brooks is also correct that you are under no obligation to use the excluded gain from your residence to purchase new property (although I assume you still would since...you're selling your house).