You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

But I read that there's downsides in doing that just don't know exactly what- capital gains tax, etc. also I was told to open up a new LLC and use my current LLC as the manager.

People will forever say “avoid Detroit” or good luck cash flowing…. 

I also want to learn about purchasing properties with tax liens / bankruptcies / foreclosures.1.

Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.  

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

It’s definitely smart to evaluate the tax and cost implications of your funding options.