If the fact pattern was different and after you went under contract you created value through a variance, permitting or other means then you have a different story to tell and some lenders will treat the imputed equity as your cash consideration.

What kind of activities are including the material participation?

He is facing a big repairing cost right now.My questions is can I ask all my applicants to disclose if they have pets including service pets when they apply?

Would love to pick your brain on how you create cash flow in the market and make AZ a successful market.

Greg ty so when I will finish my renovation including the new roof I will put there so the appraiser will count the new roof with his apprize price correct?!!

I don't know the numbers on your property, so I'll create a hypothetical:Assume your principal and interest on a $300k loan is $1,263.You're sitting on the potential to get $155k (tax free, btw), but the rate will be 7.5%, taking you're principal and interest to $2,100.Yes, it's $900/month more, but you have $155k of tax free money in the bank.

If the area is growing or has any attractions, or even plan to create a really unique stay it could be amazing and worthwhile!

Additionally, high-income earners are subject to the Net Investment Income Tax (NIIT) of 3.8% on certain investment income, including rental income.

In addition to your creative financing education, start to include education around scaling your portfolio using the equity in your home.

I'm gonna create an LLC when I get ready to buy my next property as well :)