Hi everyone, I'm new here and faced with a very interesting project. 
I’m currently trying to raise the funds to acquire a hostel in New Orleans with a long operating history and strong reputation among international...

Hi everyone,
I’m actively trying to acquire a well-established hostel property with a strong reputation and long operating history. The purchase price is $6M.

Equity: $800k–$1.2M (I already have $400k contingent o...

Hi all,First, yes, I am going to contact a CPA. I just want to see the general opinion of others to collect as much data as possible.This will be our first rental. We moved out of our primary of ~10 years with the int...

Columbus and Cincinnati definitely growing but not the same for the rest of Ohio. 

If I do that, I'd have to use up the rest of my HELOC and also come up with another 30-40k for the rehab in short term loan. 

I also have two kids who will be going to college in about 8 years, I will be retiring in about 15 years, and I would like to have some extra cash flow to make both of those events a little more manageable.The plan;Right now, I am in my education period (reading books, watching YouTube, and listening to podcasts) with a goal of purchasing my first property later this year or early '26. 

The "payback" period is what matters.Closing costs are mostly just a flat number meaning the fee is the same if it is a 100k loan or a 1 mm loan.

During the redemption period, maintain clear communication with the county tax office to stay informed on any payments or changes.

With your numbers, the $800k deduction could wipe out several years of rental income and lower your AGI for that period.

I used part of my own funds & the rest a HML which is nearing maturation FAST!