Velocity banking works by taking a huge 'chunk' and putting it down on principal, then paying down the HELOC with every penny of income you get. 

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

Anyone have any experience with placing a flat billboard on the side of a building in Philadelphia? If so, can you send me DM. Thank you

The city where you invest determines all long-term income characteristics.

I have poor credit, which has limited my loan options.Closing Costs: Roughly $22,000, covering prepaid taxes, mortgage insurance, lender fees, and HUD consultant fees.The Shortfall: $25,000Initially, I planned to use a down payment assistance program in Detroit, but due to misinformation, it turns out I’m not eligible.

My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.

Taxes have to be paid, so does insurance, what about maintenance? 

First, banks do not prefer W2 income over 1099 income at all.

- The property is probably NOT as profitable as you think it is.More reality for you - how are you going to cashflow enough from leveraged rentals to replace your current income?

Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%.