Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission.

The premise of those opportunities are based on you living there for an extended amount of time.

With that information, your accountant can determine the amount of bonus depreciation your property is eligible for in relation to the new improvements.

@Ketch Bays I started with the exact same amount of money.

Monthly operating costs vary between €150-250 based on the amount of work and the type of accountant office you would choose to work with (those focused on foreigners usually charge more).It is true that in general this is higher than in many other countries.It is the first time I have heard about the possibility of a virtual office from out of an LLC.

Instead of 40 houses cash flowing $200 each or $8000/month, you buy 10 houses and pay them off for a cash flow of $10,000/month with 1/4th the headache.People don't understand the amount of time, energy, and stress involved with managing a lot of doors, especially if they are lower-class properties typically needed to generate cash flow.

We had good capital gains on our first new property so we were able to inject that in our current primary residence reducing mortgage amount.

I would consider selling if you have lived in the home the past 2 / 5 years since you have a decent amount of tax free equity in there but as long as you have a plan to reinvest those funds.By your numbers, since you have an amazing rate and high rents, I would consider renting it out if you believe your area will continue to grow in value.

Advantages are we don’t have to furnish anything in the house and we collect the same amount of rent each month no matter how many members are in a house.

This would help reduce the amount needed for a bridge loan to fund the acquisition and renovate the four vacant units.