Traditionally, the starts of the school semesters bring a little slow down.

If you're going for traditional financing, NO lenders will accept it.For primary purchases, you can get around it by asking family for gift funds, then "gifting" the relative the cash later, so the lender can source the funds.But for investment property loans, cash gifts are not allowed.

In my county dispossessory filings have continued throughout this pandemic (although at a slower pace).The benefit of using an attorney familiar with evictions is that a formal letter from one sometimes tends to light that fire under a tenant hesitate to vacate quicker than a landlords effort.

Even after using a contractor and obtaining private financing to get a traditional mortgage the property was appraised at a much higher value then our all in costs were after the rehab.it can be done even from a distance.

I have about $22K of my own money saved for a downpayment and light cosmetic rehab so far.

I have a deal Im working on that falls below the $100k threshold and Id love to find a way to finance it without going through a traditional bank.

This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

When it flooded before it was more like 18IN lol staring at water just below the level of my house was concerning to put it lightly current equity is 100k.Thank You all soooooooooooo much for your advice

When it flooded before it was more like 18IN lol staring at water just below the level of my house was concerning to put it lightly current equity is 100k.Thank You all soooooooooooo much for your advice

These seem like a way cheaper alternative to build on a plot of land and a good way to get cashflow by year 1 instead of going the traditional home construction route.