Thanks.Claim it in the month you accept it.I also recommend you not spend it until you've earned it.

For the first several years, financing was limited to conventional means, whereby you would have to settle for qualifying for a traditional home mortgage, or non-QM “2nd Home” mortgage, qualifying through your own personal income and DTI.The ProblemThis type of financing makes it incredibly hard to scale, as without being able to count significant STR income to your bottom line, banks would judge you unqualified to add properties and mortgage debt because your W2 or long-term market rent (typically half of what you earn on an STR) was too “low.”

Just out of curiosity and not challenging what your assessment of the uniqueness of the property, I'd like to know how the potential of it being unique earns more than having more sq ft to charge for?

For example, if you only put 25% down on a property that means you are earning an APR of 8% (100%/25%*2%) all of which increases the equity you own in the property.Illogical Tax Benefits – In order to attract investors to continue to invest in Real Estate the government has created a very tax friendly environment for real estate investors.

I am not a CPA but In RI you pay taxes on income earned in the state regardless of where you live and there is foreign LLC fee. 

To make 1 M by next year, I need an X amount of deals each giving me $YK in profits each a month.To get "X" amount of leads, I need to spend $Z amount of dollars.So now you have the ingredients /recipe to your success.

This is the amount of income you need to earn passively in order to quit working and still cover all your bills worry-free.

Hey all,I am on W2 and curious if I can pay less tax by writing off the remodel expenses of a rental property (that’s is under my name).As an example, if I earn 80k, and I remodel my rental property by spending 40k. would that 40k tax deductible, and I end up paying tax only for 40k?

I own only two properties trying to close a third They so far paid off..and buy and hold I am alluring investors anywhere I go and I will be ready for better and bigger things next.Having closed one then another one gave me the ability to show off when needed to earn others credibility..if you need someone to talk about experiences..I am your guy.. call me .

Even wholesaling apartments will earn you big wholesale fees.