That is the perfect time to buy!

Hello investors, I’m new to wholesaling and was wondering if someone could hook me up with a contract outline that is legal for Rochester use, I know the laws are a little iffy and have been having a hard time finding a valid mock up to work off, also any attorney recommendations?

Are you looking to get an investment property at 20% down or a primary residence you can house hack (rent the rooms in the house you are living in), or a primary residence (better for people who are married/have kids/don't want roommates) where you live in it for 12 months then rent it when you buy your next property to repeat the process.

You mentioned a couple times that you had "feelings" of some sort about these people- reacting to your feelings when screening tenants is a good way to get caught up in a fair housing case.

We are in the process of identifying lenders to get a better understanding of the lending requirements for these ideas. 

I do my placements and turn them over at lease renewal time, but not many would want to do all the work.

As long as I keep track of what expenses belong to which LLC, is it safe to continue running all of the payments and credit cards through the holdings company and then just divvy it up during tax time?

I've filled out the 1040 Schedule D Tax worksheet 3 times and each time have come back with it being taxed at the marginal rate of 32%, with no particular special treatment, based on the flow of that worksheet I don't see how it could be any other way.I have read many, many, many, many, many threads on this forum mentioning the recapture being taxed up to 25%.

They also do not work in a timely fashion so if it’s a rental that could be a problemJust food for thoughtFor us what we make sure we do is service and maintain our equipment like hvac and appliances which often leads to longer life spans

One thing I highly recommend (whether they're voucher tenants or not) is to make a visit to their current residence part of your screening process.