I recently closed my first conventionally funded investment property in Milwaukee, so currently I don’t have the funds to just run a conventional loan “house hack”.I have submitted pre approval requests to 4-5 VA loan-friendly lenders and each one is denied for the same reason as the last...

I have a $20,000 debt to the IRS, which I am paying off at $381 per month due to high taxes declared two years in a row to qualify for a mortgage.My goal is to build a portfolio of properties that pay for themselves.

Robuilt has some youtube videos where he covers these tax considerations.

Bravo & congrats on thinking this through for the long term in filing your taxes with the income on there so it qualifies for ongoing income in the long run!

Tools like BatchLeads and PropStream are great for direct-to-seller strategies, but keep in mind that they come with marketing costs depending on the method you choose, such as direct mail, cold calling, or texting and have to have good nurture campaigns. 

I had several inquiries who were interested until I told them what the taxes and HOA fees were, (About $1,700 per year). 

Then pay taxes.  

A 3.25% rate would be something I hold onto for deal life LOL :) However, it may make sense for you to do a cash out refi (depending on how much equity you have + how much forced value you have in the property too). 

Get pre-approved for a mortgage, conduct a thorough inspection, and be patient in the competitive LA market.Good luck!

We've already collected around 20,000 pre-reservations, equating to approximately $30 to $40 million, and have received hundreds of requests to build individual units.We’ve completed the first unit, which has passed the final county inspection under a residential permit, and are actively working on the second phase.