It keeps him interested and busy but he sees I was right on with my student rentals compared to the stock market.

If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,And then I sell the house for $700kI would only have $250k profit right?

For the proceeds I have to pay seller I would have to issue him a 1099 right?

If you do sell, think about where you’d put the money, whether into more passive investments like index funds or REITs, or possibly diversifying into a different market with better opportunities.If you decide to keep renting, you’re in a pretty solid spot right now.

🙏☺️ I completely understand where you’re coming from & you’re right that owning real estate is a key step toward truly being an investor.I’m still new to the game, but I have a solid plan in place to move toward ownership & establish myself as a real estate investor.

Landlords  HML  banks  you name it.my clients that had no debt they rode right through it..

I just left one of their introduction meetings tonight.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Quote from @Kimberly Venable: It's getting the right education.

Right now, I wouldn't be doing anything with operator as it's $200 a monthHowever, very soon it will be coming to the $20 a month plan.