Not very observant neighbors.

Thank you, Dmitriy.I understand you are not a tax expert, but I assume you have either experienced or observed the 1099-s to the LLC, but no taxes due from the Solo 401K, right?

Hey BP,I've been a long time observer and have been actively listening to the BP podcasts over and over and have finally felt the confidence to propose my starting out strategy.

Ideally I would like to snap up a few foreclosures while they’re cheap and help contribute to the area growth.I have been reading, listening to, and observing BiggerPockets for a while.

It comes down to a matter of taste in my observation.

@Rhonda Itomura You have the right idea to go and just observe the first few times.

Just an observation.....their "equity after ten years" for Traditional Loan is an absolute lie/misrepresentation, at today's rates anyway.$72k, 30 year term, 4.5%--balance at end of 10 years=$57,664So, "equity" is $14,366.AND ----your monthly payment on the Traditional Loan is $365/mo, Not the $750/mo in their lease plan.AND------A 10 year loan at 4.5% for $72k. has a monthly payment of $ 746.22/mo------so at $750/mo on Traditional Loan, your balance is $00.00 so your "equity" would be $72k.

Mike, from what i've observed, you couldn't call yourself a real estate investor until you've attended at least one Rich Dad Poor Dad session.

Hi All,I've been a silent observer and religious Podcast listener on Bigger Pockets for about a month now and decided its finally time to introduce myself.

Special assessments or HOA or city related ordinancesAlso, if you did the math, and based on my personal observation, land lording as a means to financial freedom is very long and tedious unless you have some other form of income to break the cap rate on the property, or have some really innovative way to acquire property (but this often in itself needs some level of capital).If you have very little capital, I would save the money (i am generally risk averse), and use sweat equity, like being a realtor or wholesaler to build the funds to invest, then combine your knowledge with things like options trading is where it all comes together and makes sense.