I want to know if this type of business qualifies as a “real estate professional” status.

She was overwhelmed and needed help, so we stepped in to take care of everything for her.What made this deal different was the level of support we provided.

I would 200% be doing this if my current partner wasn’t so averse to moving frequently.

To be clear, I will keep working but want to be self employeed in the home services business.Looking forward to see what I can learn from this community.Thank you.

Now suppose going along with the above, the borrower had a $375,000 mortgage (which they DID) on the property at an interest rate of 3.25%.

We don’t have a clause in our contract to account for this, and we have been actively looking for new renters with no luck so far.

Hey BP fam, im interested in building new construction properties to sell on market.

This happen to anyone else?

But if I buy an investment property using a loan, I won’t be able to later use an FHA loan when I'm ready to buy in LA, right?

I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.