Many will want to see at least 12 months seasoning to use the full higher ARV value. 

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Dear BP forum,My wife and I are looking at a multifamily in Union City, NJ.

Being able to introspect about yourself and use other people's advice from their life experiences is super tricky.I heard Brandon Turner repeatedly say not to build multiple bridges at once, and that is EXACTLY what I did (tried to wholesale, broker, contractor, flip, etc.) and had to learn for myself. 

Report All Suspicious Activity: If there is a scammer or phishing attempt, report it to the IRS immediately at phishing @ irs.gov.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

As an Ohio real estate agent, you do need to be careful, as drafting legal documents like lease agreements can be considered the unauthorized practice of law, which could put your future license at risk.

I took my first attempt at BRRR and bought a house (Kansas City) for 200k, which will be my new residency, so I could use less downpayment and needed a second bedroom anyway.

You can still get in at a reasonable price and the rents are high and taxes low.

They are refusing to provide a hourly rate and number of hours it took for the apartment cleaning because it is contracted at a flat fee.