We purchased this house at $550k.

I would like to purchase short term rentals and be able to qualify as a real estate professional and deduct against by active income taxes.

For starters, a purchase at the original contract purchase price could have resulted in a big fat loss.

It is paid off and we just purchased a new primary residence for ourselves. 

Purchase price: $100,000 Cash invested: $50,000 My partner and I are getting into our first fix and flip!

Hey there,I'm almost ready to purchase a house hack and have found some good deals right off the MLS.

We've also found that including it in the rent, people aren't as conscious of lights, water, etc...~ Lindsey

However, if you pay all cash, some lenders will allow you to do a cash out refinance based off of the purchase price immediately after closing with no seasoning requirements.

Hi all,I am looking at a potential rental acquisition where the home contains a garage conversion into a room and it is unpermitted.Note that seller has not included this room in the sq footage and i am not purchasing it with the assumption of conversion to permitted.If i were to buy and turn into a rental - is there any liability to renting it out with that unpermitted conversion?

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