Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I have an old military buddy that did it and it appears he got a lot out of it and is now making money in real estate.

Google:puerto rico mortgage lendersThanks, buddy!

Another old buddy in San Antonio picked up a modest fourplex a few years back, and while it never turned into a headline-worthy success, those steady rent checks stacked up over time as local employers brought in fresh workers.

A buddy of mine talked to his tax guy who told him these “Distributions” aren’t currently taxable right now and simply adjust the basis downwards (almost like a return of principal), but when the principal actually DOES get returned (generally about 5 years out in this case), that the difference between the amount returned and this downward adjusted basis is taxable at capital gains rates - if held longer than 1 year, generally 15% tax.  

I can attest with my buddy @Brian Garlington I have found recently that my best properties are the ones with 50% section 8.  

This is the time to call in favors with plumber buddies and or ppl you might know in this field.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Appreciate it buddy!

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.