Hi everyone,I’ve found a multi-family property in North Linden that I’m interested in purchasing for a buy-and-hold investment.

Normally, you would only depreciate based on the life of the equipment, which could be as little ten years nowadays as a recent article mentioned new refrigerators now last 10 years or less.However, for taxes, you can do a section 179 election for equipment purchased for less than $1,160.

Second - let's assume, for hypothetical purposes, you used an FHA loan to purchase a multifamily property. 

Most lenders will gladly talk to you to help you start planning a purchase.  

Investment Info:

Single-family residence buy & hold investment.

Has been a consistent LTR for over 15 years now! Looking at transitioning to MTR next summer!

I’d like some information on rate buy downs.

I know there are investment platforms where sponsors can connect with investors, often at a premium, but I’m curious about other proven methods that don’t involve purchasing a list of accredited investors.For those of you who have successfully raised capital, what approaches have worked best for you?

Specifically, have you explicitly informed the seller that you are wholesaling? 

Some of the comments are more informative than the article itself.

Purchase price is 200k loan balance is 155K on mortgage statement but with the HUD loans it would add up to 177k including entry fee that would put PP at 200k Technically they are saying I'm only paying on the 155k the other remaining HUD loan that equal to 24k that is paid 2051 or when refinancing or selling this house