It’s an all inclusive vacation plus the conference.

Hello all, I am looking to purchase a multifamily property in the Houston area (single family, duplex in the back) with a partner.

Far too man investors get into STR based on gross income numbers, not net income after paying all expenses.

I currently have no plans to change the mortgage at all and would like to keep my current payment and rate as is. 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

While we do run a business that is for profit - you always do not need to be a hard ash and if someone is going to work with you, then extend the offer.So this is what we did, and guess what, she did not trash the place, she moved out and took all her stuff and left the home very clean and spotless.

All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

An all-cash (or hard money plus cash) offer definitely helps as well.Good luck!

Hi Kelly, this is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

Hello all,I was hoping what’s the best way or options I may have to buy a property for rental use purpose?