The real skill is understanding the variability and risk in each number which is not always numerical or scientific.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

At Rent to Retirement, we’ve been helping investors navigate these decisions for over a decade.If you have questions about market analysis or getting started, feel free to reach out.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

My contractor does these visits for free because he gets ALL my work, the construction, the plowing and the mowing.

Start with BiggerPockets Ultimate Beginners Guide (free).

The meeting starts at 6 pm CST and members and 1st-time guests are free. 

Whether you spend time networking, reading books, watching videos or connecting on bigger pockets or if you spend cash hiring a mentor, maybe partnering up with or doing free intern work for a real estate investor; whichever route you decide to go investing in yourself is one of the best investments you can make. 

Here’s my two cents:Paying off the condo might make sense if your main goal is to reduce risk and enjoy the peace of mind that comes with no mortgage.

Feel free to reach out if you have any questions.