The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.

Any excess of the deduction that creates a loss can be carried into the next year(s) to offset profit/income until used.

Originally went for my license to gain some experience and exposure to the industry, I did a few deals but it was always for the purpose of investing. 

Always protect yourself, you may have some exposure.

There is at least 3 niches where the primary marketing is best off the mls, and at least a half dozen scenarios where maximum exposure is not in the sellers interest.This policy was largely directed at my specific location the mls, and a poll in our board found 76% of members are against the policy.

The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.

The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.

Closing on two units simultaneously was a deliberate part of my strategy, but there are pro’s and con’s to this approach:Pro’s- Each step in the process I’ve completed x2 at a time, saves a ton of time- As a new investor, my growth and learning curve seems to be accelerated as I do everything twice- Comparative analysis, I can measure experience on one property against the other - Working with one lender, settlement on both properties on one date- I double up the items on my task lists, which means if I make a mistake on one, I correct it on the other- Twice the investment means twice the income Con’s- Twice the amount of physical work, driving, cleanup and maintenance- Twice the risk exposure on the investment, I have two applications pending on one while the other I’ve decided to lower the rent- While my interest rates were very competitive, as a new investor I had to put 25% down on both propertiesSo far in the process, although I put more money down up front, it seems like closing on two units simultaneously has been advantageous to my cash flow strategy.

@Mark Coogan simple, walk the property ,whatever excessive damage gets taken from SD .

Or will these licenses give us to much exposure to liabilities?