As of right now, the rate is at 9.6% with 0.125 lender credit with us.

Conventional does not have this requirement at the moment, but there are rumors that Freddie will be updating guidelines soon to require 1 year of landlord/PM experience for investment property loans.

Welcome to BP - what types of properties do you invest in, Short Term Rentals at all?

what you consider the most important factors to look at." 

Thus the $3000K interest I earned from my hard money personal loan to my investor friend is considered "Portfolio Income" and will be reported and taxed at my personal tax rate. 

I can't do a 1031 exchange since all the ones I am looking at after this are sub 200k purchase prices.

I'm particularly passionate about Memphis, TN.Outside of real estate, I enjoy hiking, sunsets at the beach, and horseback riding.Excited to learn and connect with you all!

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

Hey @Andrea Galvez - I realize this is an old post but I was just curious if you were able to find financing and also curious where the property in Indiana was at?

I am a huge believer in that the actual Better strategy is being able to pivot and take what the market/numbers take you - i.e. at the start of the project, be open to Both (either a flip OR a BRRRR), whichever models out better for the individual project