Figure out how to get this money, maybe you have well-off parents who can give it to you or you may have to earn it yourself.

This approach not only keeps tenants happy but also helps you maintain long-term cash flow by reducing turnover costs.

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.

Partnering with others can reduce risk and access better deals.

Delaying the closing to 2025 would reduce the bonus depreciation rate to 40% (unless Trump changes it).This post does not create a CPA-Client relationship.

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

I look forward to earning your business and helping you find a better properties with better numbers.

I didn’t earn significant income until my late 20s, which meant losing nearly a few years of wealth-building potential.

Now, I will suggest the following:Create a financial plan that includes the following:One year goal: reduce your expenses, including credit cards.