Prime is directly tied to the Federal Funds rate which is arbitrarily set by the Fed.

Price vs taxes/insurance vs rents attainable ?

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

And many believe, myself included, that if the Federal Reserve sees a trend up in inflation, they will be less inclined to lower interest rates.

However, I'd advise steering clear of Harris County, particularly in Houston, due to the excessively high taxes.

For the tax questions, I would hire a CPA :) Best of luck to you, and I respect the creativity!! 

Judging by the many recent posts on this forum, my title should attract a wide audience :)Is April 15th the last day to file my taxes?

(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

They make their own rules and can/do make exceptions.They are Private Lenders and don't have to abide by the same "Rules" as Traditional Lenders offering Federally Insured Loans.Just curious, do you charge Beginner Investors you find on BP for your consulting services (The 203k Way)? 

LLC is a legal entity that creates no tax benefits whatsoever and has no tax purpose.