Here’s how it can help if you currently own residential real estate:Improve Cash Flow – By taking advantage of accelerated depreciation, you can claim additional deductions in the early years of your property, boosting your cash flow.

Situation:Have a family that is going thru a DIVORCE and that owns a $2M+ valued home.

When you have only a tax certificate, you do not own the property. 

It will be VERY interesting to see how these three factors influence existing home sales over the next 3 months:Seasonal slowdown (-)Mortgage rates dropping (+)Buyers potentially paying their own buy-side brokerage commissions (-)Average Number of Offers Received per SaleThe average home sold in July 2024 had 2.7 offers, down slightly from 2.9 in June 2024, and well below 3.0 in July 2023.

I had a few conversations with Cheryl as well as a couple references that she sent me as well as a few that I found on my own.

Vacating a jointly-owned Property: A Borrower may be eligible for another FHA-insured Mortgage if the Borrower is vacating (with no intent to return) the Principal Residence which will remain occupied by an existing co-Borrower.

@Genny Li- agreed, our wedding opinion does not matter much, I’m also giving some thought to just making it our personal house, lots of mature trees, a full acre lot, 2100 sq ft, sell the Houston house, that bumps us from 1700 to 2100 sq ft , and a 6200 sq ft lot up to 42560 sq ft lot.

I own a successful construction company that mainly focuses on kitchens, bathrooms and interior remodels and have been in business for over 4 years.

I feel like I would be willing to entertain this if they weren't needing to move in ASAP, and they brought their own furniture.

Make sure to open a separate business account for the LLC to avoid co-mingling personal and rental funds.Unless legally required, avoid getting MMLLC as it requires you to file a separate tax return.