View report*This link comes directly from our calculators, based on information input by the member who posted.

If you have good credit and a down payment, all the better.I have financed many properties both directions without problems.

Although I have some income from direct marketing and book sales, for many years 95% or more has come from real estate but different aspects of it like rentals, flips, holding paper and managing/contracting.

View report*This link comes directly from our calculators, based on information input by the member who posted.I own six doors now.

Hey everyone, I'm about to send out my first direct mail campaign for small apartments around the Atlanta area (targeting 5-16 units).

If so, is this something that a third party servicer could do at my direction?

The reason is I know which lenders:- do a good job- stay on top of the necessary tasks- know how to be creative within the rules (some people don't fit into the standard mold of a buyer, and some lenders don't know how to get them approved, and some lenders know how to get them approved)- and which lenders can actually close deals.Another reason is, when someone wants to house hack, not all lenders are experienced in it.

Therefore, you can deduct items that are directly related(repairs) to the rental units plus items paid indirectly for the rental units(think real estate taxes, interest, insurance).in addition - it looks like you are looking to use parts of the personal residence as a home office.Just note that, it would be hard to prove that you use 100% of the personal residence as a home office. 

He will be selling the properties to me for about 35k each and they will rent for anywhere from $600 to $800 a month on a 12-15 year note with the bank.With his knowledge and history in this market I feel that my mentor is steering me on the right direction and not setting me up for failure.

Whether that be helping with rehab, direct mail, searching for properties, etc.