Dominic Kosteris worked two jobs and lived with his parents before buying his first home in 1996.In 1997, he acquired his first investment property and started earning rental income.

In addition, once you get a viable plan in place, you may consider running the strategy by an actual tax attorney rather than a CPA.

Maximizing Cash Flow: Share the creative ways you've been able to increase income from your house hacked property.Long-term Benefits: Beyond the immediate financial perks, what long-term gains are you seeing with house hacking?

Hi Ayyoub-Great question on where to buy a rental in Michigan.When I talk to my investors about buying rentals in Michigan, if you don't have the budget for an Ann Arbor, Lansing is a fantastic market for buying income properties.The price points are very favorable.

Can you convert it back to an Airbnb for additional income and use the proposed rents to offset the mortgage so you can buy your new home? 

Looking to take the next steps in finding, funding, rehabbing, and flip or holding additional properties. 

The property cannot be valued in the traditional way, which is why I'm seeking a private lender who will value the property in a commercial-style method via the cap rate.Source of down payment funds: Implied equity (refi)Income Source: W2 for both my wife and IGross annual income (between the 2 of us): ~$300kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Student loans, rent, and what exists for this tiny house.FICO: 725Credit issues: noneThanks for reading this far!

I'd like to check into using a property management company for my first property, then I'll add it to my second.

Additionally, determine the anticipated after-repair value (ARV) of the property.

Gains through crypto felt uncertain to me but still had a draw, so I decided I wouldn't use more than 5% of my disposable income to gamble (whether on leveraged index funds like QLD or crypto).