I post a lot about Delaware County as that is my favorite submarket to invest, but everyone has different goals.

So I thought I’d ask everyone here...who are your favorite Hard Money Lenders?

For me personally, I like woodworking and working on things as a hobby, so I would be buying the tools anyway. 

The risk here is if you only have expenses for more then 3 to 4 years, the irs may determine that this is a hobby business and retroactively disqualify these deductions.The other option is to write these costs off next year against any real estate investment income you earn.

I have had so many hobbies in my life that I am a jack of all trades master of none.I love surfing but I am not a pro, I love running but I would never win a race, I love baseball, hiking, fishing, golfing. 

Generally these types of properties aren't my favorite as it's hard to control those nearby and if they go downhill, yours will too.

@AJ H.I would say the reason for me getting into real estate is looking for a career / Hobby because it's what I enjoy I'm looking to do it full-time eventually and as far as my appetite I'm starving to get into investing in real estate I know I must get my feet wet before submerging myself but either way eventually I'd like to have multiple houses no longer have to work a nine-to-five and be able to know that I can pass down what I've created for my daughter for her to be able to take and make even bigger as she gets older so on and so forth.

In each of your cases, in the different directions of your thoughts, they all ultimately came back to the reminder that it's ALWAYS about the fundamentals.Bryan, do you have a favorite data source you can point me to for the info you cited?

@Andrew Spinelli I would get a Loan Estimate from your favorite lender to analyze what the likely rate and payments would work out to be?

Set For Life is my favorite because it includes sound financial management strategies, side hustles, and more.If you can't afford 3% down for a house hack, come up with some side hustles or take a second job and save up.