Accounting and Bookkeeping: Since we plan to build a diverse portfolio, we want to ensure we’re setting up our accounting systems correctly from the start.

Renters are all up to date and no missed or late rents.

Purchase price: $300,000 Cash invested: $70,000 Sale price: $450,000 BRRR method using an STR property that has projections in the 75k gross rangeUPDATE -- did rent well.

In your experience, how does creative financing impact the loan approval process compared to traditional lending methods?

In your case you could take the first 25% of the gain up to $250k tax free with the 121 exclusion, and qualify for a 1031 exchange since it is also used for investment use.

@Michael PaywalaI am a multifamily investor located in Greenville SC.Always looking to buy more apartments.Maybe we can meet up when you are in Greenville sometime.Arn

. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

Hey @Michael Baum, we had previously depreciated some stuff but ended up with a return of about $25k.

I haven't really investigated yet but was curious if they were something I could do to build up capital. 

I’m finishing up a multifamily rebuild and am looking for my next project.