I'm not sure if any local lenders will consider the property value once the ADU is complete when reviewing my loan application.

I'm a Hurricane Katrina survivor. I was on the roof of my home for a few days and ultimately made it to Lafayette, La. In the nearly 20 years since I've learned the true value of a "home". That is why I am here, to le...

I want to continue to grow and learn about real estate and become financially free

Last year I stumbled upon a post by a fellow homeschool mom who shared her top five financial books she's read, and that started me on a journey of reading and discovering how we hope to have our money grow. 

- Moving beyond 4-plex turns into commercial mortgage loans, which I think will reduce the pool of potential buyers.- If we play to hold, I'm not sure if the rental income will make this a worthy enough investment, but I could be wrong.What do you think of this situation here?

Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

Both rentals are in my wife's name since she had the W2 income to get the loan.

Regular conventional loan.

@Jeff Miller$40k in equity most banks will not allow that to be pulled, as they have strict loan to value requirements.Whether you put properties in or out of a LLC, does not matter who owns it, but if you are seeking to get bank financing for acquisition they will want 25% down.