You are absolutely correct about both observations.

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.