I decided to join bigger Pockets because searching through google of my concerns led me to sign up and hopefully get answers to my questions.I am currently going thorough 1 eviction, 1 chargeback/dispute, and one tenant that nsf and vacated the property after 1 day saying they didn’t feel safe living there.

Let me give a little more context on the situationI’m aware of current 60% bonus depreciation, and my wife is REPS.

I’d love to chat with anybody like minded or meet up if you’re in the Spring/Woodlands area.Where I’m at currently I won’t be of much use as far as capital goes, but I am a grinder and would love to help any way I can. 

Question: What is your current living situation? 

This gives the Owner the best of all worlds - SF or STR/LTR - enabling keeping the home affordable for home owner while also providing an affordable place for a friend or family member to live, all while having privacy for both.The 30% is just the difference between the total of my experienced estimate of what the build would have cost just 3 or 4 years ago plus a factor for the current period of inflation, versus the total of the bids that came in. 

Point being - if appreciation is close to equal to the interest paid on savings (5% currently) - wouldn't it be much easier to take the 5% from the bank with no headaches associated with owning the property?  

This allows you to borrow against the equity in your current home and use those funds for the down payment on your new rental property.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

@Beth Crosby this isnt an issue for a DSCR cash out product vesting under your current LLC but leasing the unit to a company you own rent the property will be an issue with most lenders.

I currently have two houses being built for sale and we need the money from our property.