If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

You can try to claim this as an investment property but if the IRS catches wind they are going to see that you are directly related to the "tenant."

Are you still investing in the Phoenixville area?

I have been lending actively in the Indianapolis market since 2018, have done over 350+ deals, and used both my own, and other people's money in a Whole Note Investing scenario.

Each step my cash took along the path of my plan was established based on how (strategy used), where (market invested in), and when (cash needed to move onto the next deal (the plan).Each step required a specific amount of added cash exiting the deal as required by the next step, so I did deals that may have a cash profit that someone else wouldn't have done because they were looking at a disconnected result. 

This depends where you are investing.

Lender 2 requires 6 months reserves. they want the borrower to document any large deposits and they want mortgage statements on any investment properties listed on the 1003.The point is different lenders do different things and it's important to not generalize as a broker, but interview the borrower, find their pain points and marry them with a lender that will minimize those pain points for a successful close. 

I've been here since 2007 (but only started investing in SFH recently) and have definitely noticed that when I see a duplex, tri, quad, 8+ they all seem to be in rougher neighborhoods...that being said, I myself definitely want to find some and may end up relying on off-market deals to find what I want.Let me know if you learn anything new about multifamily here in Memphis, I'd love to understand it more as well!

Hello everyone, I'm Vividh, and I'm thrilled to join the Bigger Pockets community as I embark on my journey in real estate investing.

Find a top broker to represent you and market your deal to the investing world.2.