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.

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. 

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

.- Generation Toolbelt.

@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.

Stessa is great if you are an individual and you are just trying to track the income and expenses on your rentals.Unfortunately, for Stessa, they do not have the ability to generate a balance sheet which makes it a no-go for any business.

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.