This structure would allow me to conserve $160k cash for the construction phase and borrow only $290k rather than the full cost of construction. 

Hi everyone, We're beginning to look for our first deal for a LTR, but want to ensure we have our ducks in a row. We're trying to assess what the best practice is for finding tenants, screening and then handling payme...

With the profit from the first deal I would pay for the initial investment technically.  

Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way.

I asked him what he’s been doing to move forward.He said, “Studying.”The learning phase feels productive.  

Yes, you can deduct property taxes on both homes on your joint tax return, but there’s an important updated cap to keep in mind.State and Local Tax (SALT) Deduction Limit — Updated for 2025:The One Big Beautiful Bill Act (OBBBA) increased the SALT deduction cap to $40,000 per year for married filing jointly.This cap includes all state and local income taxes, property taxes, and sales taxes combined.The deduction begins to phase out for households with adjusted gross income (AGI) over $500,000 (married filing jointly).So while you and your spouse can own and occupy different homes, the total SALT deduction across both properties (and any other state/local taxes) is limited to $40,000, assuming your income is below the phaseout threshold.Primary Residence Mortgage Rules:You are eligible to apply for a primary residence mortgage on the new home since you will be living there at least five days per week.The IRS defines a primary residence based on where you spend most of your time, not whether your family lives there.CPA Insights:You can deduct property taxes on both homes, subject to the $40,000 SALT cap.You may treat the new home as your primary residence for mortgage and tax purposes, based on your time spent living there.Review whether itemizing deductions (including property taxes and mortgage interest) provides a greater tax benefit than claiming the standard deduction, especially under current law.This post does not create a CPA-Client relationship.

Still learning what’s too early, what’s too much, and how to do it in phases as I grow. 

The refinance phase can definitely be tricky, but with the right partners, it gets much smoother.From my experience, the key is working with investor-friendly lenders and agents who understand BRRR and aren’t afraid of a rehab in the mix.

If we believe we have a housing shortage then we should remove barriers that impede the ability of flippers to provide affordable housing There are various phases to foreclosure and you are not being clear about what phase you mean.There is Behind on paymentsNotice of DefaultLoan Mod attemptNotice of ForeclosureAuction Date SetActual Auction HeldProperty is Sold to highest bidder orProperty doesn't sell at auction so it becomes REO to the bank and is bank ownedWhich step are you referring to? 

Even if contamination was caused by a prior user, liability can still fall on you under CERCLA or similar state laws.Get legal advice on:- Scope of further testing (Phase II)- Escrow holdbacks or indemnities- Insurance alternatives if risk can't be fully resolved pre-closingWrapping Up: Don’t Only Rely on the Broker or Title CompanyA solid legal review isn’t just a formality — it’s a deal-protecting strategy.