Hey everyone,I wanted to share an exciting creative financing deal I just closed that resulted in over $50k in equity, with only $6k cash to close, plus many other benefits!

The community is supportive and provides deeper insights on those ‘brain racking’ questions about MTR that you just can’t find anywhere else. 

Comps may seem to support a certain rent or price, (high or low) but it may be pulling data from an adjacent neighborhood that's much different.Plenty to choose from here - good cash flows in the lower priced properties, but an awareness that it comes with less appreciation and rent growth potential.

Having supported several investor acquisitions of small balance multi family recently and originating mortgages for the better part of two decades here are some quick pointers and considerations for investors: - Residential loans are considered multi family properties of 1-4 units.

In my opinion, and I looked deep into this issue, the IRS position is not supported by the actual law.

Purchase price: $81,000 Cash invested: $210,000 Nearly full-gut rehab in the Captain's Landing Subdivision.

(hopefully you select the correct one)You may want to reach out to customer support for freetaxusa and turbotax and see if they are able to help.

My understanding is that the government passed some reforms making the market more insurance friendly at the end of 2022 which overtime is suppose to support the market. 

Most are routine purchase and rehab projects with enough profit to support the loan amount at 100% LTC, e.g. 100k purchase, 20k rehab, 160k ARV, per lender underwriting standards.  

So many people purchased in the hopes they could get in on the cash cow, but failed to see how temporary those profits would be.