Loose qualifications are 3X income, 580 Credit Score, No evictions..... 

I then sold it quickly using creative finance to create passive income.

Much of your “income” will come from appreciation, cash flow won’t make you free.

You should utilize the DSCR 30 year fixed no income no doc program in your llc 

I assume not.If the property was purchased under an LLC and my parents get a 5 % preferred return and they personally guarantee the loan, but I take the majority of the income, does this remove the loan from my DTI?

Although each cell of a Series LLC can own distinct assets, incur separate liabilities, and have different managers and members, a Series LLC may be able to pay a single set of annual state fees and may be able to file one income tax return each year.

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into the following categories to accelerate the depreciation:The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

The reason I haven’t purchased anything yet is because I’m a new real estate agent and I’m focused on building my business as an agent for the time being as well as saving up money for a down payment while I’m building enough of a track record to show the banks that my income is steady enough to be approved for a loan since I won’t have any w-2 income.

Hey @Chris Dawson, There is alot to unpack here, but please note your wife getting her real estate license in of it self does not qualify you to use those losses (created by a cost segregation) against your active income.

The city has an annual output of $132 billion and a heavy concentration of Fortune 500 companies, making it a top economic metro.