Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Getting turnover right can both increase your income and reduce expenses.

@Leah RamseyDuplexes can be a cost-effective investment strategy for reducing living costs and generating income.

For tax purposes, all LLC earnings pass through to your personal tax returns, so there is no practical tax benefit. 

Do you really believe  that someone with no capital, no experience, and limited education provided by 2 weekends at a guru boot camp is really going to be able to earn $100k annually by finding properties experienced investors spending $10k monthly on marketing to find have somehow missed, and then negotiating prices 50% below real value and flipping the properties to seasoned investors?  

That being said, you definitely want to reduce your lifestyle at the moment and use all your income to attack the debt.

To explain it as simple as I can when recording accrual method record your income when it is earned and expenses when incurred.

I forgot to post the final EOM gross earnings.

They also reduce even further during the holidays.  

[Similar to the Student Loan Bail-out where people who made different (and smarter) choices, are forced to give up  their hard earned money to others.]2) When is this country going to really realize that we are headed down a steep slope to ruin?