I don't think that is enough, but, the first thing is to go to your Banker and try to get qualified for a Loan.

If you don't plan on moving there, then you cannot qualify for the 5% down.

I didn't qualify for Collective Genius because I don't do a lot of volume.

On the October 21, 2024 sale, the 1031 was started with a Qualified Intermediary that same day, so the transaction is a  transaction governed by Rev.

I already have one traditional LTR with a traditionally-qualified tenant.

Managed a substantial rent increase with two newly qualified tenants.

A qualified attorney can set this up.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

@Gary Bonds owning a few rentals is not a business at least according to my accountant, Best to attempt to qualify using your personal income.

I recently just purchased a duplex and plan to rent out one side for section 8/VA VASH program. One thing that enticed me was the potential for higher rents by honing in on the SAFMR and the zipcodes. However, after c...