Readers should seek professional advice.

I have other HELOCs that were much easier to get both personally and professionally.

Would having professional photos and virtual walkthroughs help attract buyers/tenants faster?

Hi Mia, Great suggestions for questions to ask a potential tax professional!

Readers should seek professional advice.

In order to have checkbook control, the IRA account will need to be at a trust company that will allow the IRA to invest in an LLC (where you will be the manager and your IRA will be member - an as manager you will have checkbook access to the LLC bank account).

I was advised today by a retired real estate professional, who is licensed, that if you offer an application to someone for a loan, you must be licenesed by the DRE.

@Eli JermanYes, you should hire a tax professional.

Jerome is still maturing from running a construction company to being a mentor and business leader that runs programs to develop others for success.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.