There truly is no better way to build generational wealth than RE investing!

I also prefer not to use a management company, as I don't want them cutting into my profits.My long-term goal is to generate enough income to live comfortably and eventually build a real estate empire.

That 125k investment is now worth 500k in 10 years and it will be generating 65k a year in returns going forward (and that will continue to increase over time).I would add that I don't like ever paying retail for real estate as I've always been a believer in the adage that you make your money on the buy side. 

HeyAlfredo,Your strategy seems correct; if your wife qualifies for REPS by meeting the 750-hour and 50% personal service time requirements, you can use cost segregation and bonus depreciation on your remaining rental properties to generate losses that offset your 2024 W-2 income.

Gold/silver falls into that category as well and is more stable, has a long history of value retention and can't be hacked or generated from a computer. 

.- Generation Toolbelt.

I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use.

@Matthew NewsomHouse hacking is a viable strategy for generating cash flow in 2024, but success depends on market conditions, financing terms, property type, and rental demand.

This enabled us to execute a 100% cash-out refinance, returning all initial capital to investors while still generating cash flow.

Most homeowners shift to winter rentals during those months to keep some cash flow.If you’re planning to use the property yourself for two weeks in the summer, it’s important to keep in mind that it will take away a significant chunk of prime revenue, which will make it harder to break even or generate solid income.If year-round traffic is a key factor for you, you might want to look into areas down south or near a National Park, but with the right property and strategy, Cape Cod can still be a good investment—especially if you’re looking to have something to enjoy and eventually leave to your kids.