The prospect completed an application and checks the credit and income boxes but does have a mark on the criminal record.

Hi Jhamari – Setting up ownership through an LLC could be one of the approach, though there are more variables to consider it.

Well, you and your buddies can load up and come on over for the exercise then.

What is the rate difference? 

Glad to have you on the forum, Tyler! 

What’s up @Benjamin Miller! 

So if you had 3 rentals with losses and 2 rentals with gains, the losses from the 3 rentals would offset the other 2 rentals and the rest of the loss would be carried forward to offset other passive activity losses in future years if applicable.

The modest purchase price, combined with an ideal renovation budget, presented a prime opportunity to improve the home’s market appeal.

I’m currently based in the Houston market, looking to build connections with wholesalers, investors, agents, and others in the industry.A little about me: I’m 25 years old, originally from Corpus Christi, Texas, and I now live in the Memorial area of Houston with my wonderful fiancée and our Maltipoo puppy.

I had been living in a PadSplit and was able to save enough to buy a property so I bought this one and house hacked it as a 4/2 using the PadSplit platform.