However, there are other strategies you can consider to optimize your tax situation:Maximize Deductions: Ensure you're fully utilizing all deductible expenses related to your rentals, such as maintenance, repairs, property management fees, and travel expenses to the properties.Depreciation: Make sure you're taking full advantage of depreciation on the properties, which can significantly reduce taxable income.Cost Segregation Study: For larger properties, a cost segregation study can accelerate depreciation on certain parts of the property, offering more upfront tax savings.1031 Exchange: If you're considering selling any properties, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another rental property.Energy-Efficient Improvements: Tax credits may be available for making energy-efficient improvements to your properties.Rod

And I just paid back a 32k line of credit I borrowed from a bank at 11.5% interest with no extra fees on Friday I used to buy a house in January with.

Hello everyone,I have a client with a credit score below 620 which makes it tough to get a loan.

I have 25 units and just don’t spend more than 1-2 hours at the most dealing with my tenants and their issues on a BAD month.

On the same note I have tried to get her to invest in other properties with me and she is terribly risk adverse and just can’t stand the thought of having her name and credit being attached to a large mortgage even though I have explained numerous times about how the bills and mortgage payments are made by the rent payments. 97% of the time she continues to be supportive of me pursuing the real estate on my own and has been supportive of me retiring from my job to pursue it full time.

Developing contacts with other investors may lead to useful information, assistance, and even joint venture prospects.Examine the several financing choices that are available for buying houses, including conventional loans, FHA loans, VA loans (if appropriate), and even portfolio loans from nearby credit unions or banks.You might think about contacting mortgage brokers who focus on investment homes.

The only thing we found that was somewhat interesting was a syndicated deal with extremely stable (national credit tenant) cash flow of 5% and a short-term 3 year hold period, but little to no appreciation.

The owner of the property had the property and it was two parcels. they paid off the loan and then got a line of credit where the line of credit was only one parcel.

The gap is too much and unless your rent is undermarket and you are somewhere where you can raise it you get into a bad situation. 

Low rents could indicate that renters don't like the layout, although there are many reasons for low rents, conditions, and bad management will also lead to low rents. if you like it and its cash flows make an offer that you can't pass up and see what happens.