Be clear about your requirements before inviting them to apply.

Yesterday, I applied for a loan through a couple program approved lenders and an investment friendly lender recommended by bigger pockets.

You’ll be judged and screened exactly the same as everyone else that applies.

The math is obvious but there's a natural tendency to go for properties you can obtain at a lower basis.

Any excess proceeds not applied to the investment portion may be taxable as "boot."

We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

This does only apply to residential properties, so commercial and raw land can still be assigned the way it used to be.

This is where real estate investing turns into a great area and on paper investment strategies seem great, but when applying them to reality, things can quickly change.

I would also sooner apply that amount towards a new fridge than buy the door.2) WINDOW TREATMENTS - Each window had window blinds.