im starting to really like the idea of out of state investing. like you any apps or websites recommended?

Think about it, if you paid 20% down for an inexpensive buy and hold property then paid for a rehab, you'd possibly be around the same amount in terms of expenses. 

Investment Info:Large multi-family (5+ units) buy & hold investment.

Investment Info:Large multi-family (5+ units) buy & hold investment in Fort Wayne.

Hey everyone,My friend and I are partnering on a deal in Atlanta where he brings 100% of the up front cash (i.e. 20% down payment and $50K-ish for a rehab) and I find the deal, manage rehab, run numbers, and am the brains of the operation (and I manage the buy/hold on the back end) and assist downstream with refinancing.

I TRIED TO PITCH IT TO FRIENDS AND FAMILY TO BUY AND HOLD, BUT THE INTREST RATES ARE SCARYING OFF MANY POTENTIAL BUYERS.

You can do some quick research on Lowes or Home Depot website and easily confirm that you can buy a water heater for as little as $400 up to $1200.

The most important thing to consider would be that if you're using your HELOC for down payment / renovation costs and holding costs, then the refinance MUST get you all of your cash back to pay the HELOC back to 0.

On the IRS website, it says points paid on the purchase of a rental property can be deducted, but most sources say the amount must be amortized over the life of the loan.  

Things like structure, S Corp ownership versus private, LLC versus S Corp, what’s best for flip versus long term hold, structuring purchases for max depreciation, cost segregation, and things like these.