Rehab 🛠️Once you purchase the property, the next step is to rehab or renovate it.

The property was foreclosed on in November 2023.

It is for WA state properties only.

I prefer my method because with the $800/month estimate you might buy a property believing its a great deal, BUT sell it after several years having made negative cash-flow.

My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level.

So, the day has come to finally figure out how much your rental property income will affect your child support payment.

Maggie, keep in mind that pricing is based on demand so “expensive” property will usually outperform “affordable” property that is affordable because it’s often a crappy house in a crappy neighborhood that will attract crappy tenants.

Hey All, I wanted to get some advice on how to use other people's money to purchase a long-term rental property. 

You can speak to the lenders you are talking with about their debt to income etc. if you are getting conventional loan they will take that into consideration, if you go with a DSCR loan they look more at the metrics and financials of the property.

Have you considered using long-term rental loans to finance your properties?