@Kevin Sobilo This was our first investment property and this is driving me crazy at the moment.

Lumber market has me on hold at the moment, but when that returns to a somewhat "normal" level I plan on getting back to this project.

I'm not saying to buy with a mortgage either as the video states, this is bad investment advice as well for the average american at this moment in time (unless you're starting a family and can afford it).

You should most certainly speak to a local lawyer about the details that pertain to you.If an LLC isn't the right move for you at the moment though --- having a robust insurance policy will be another, and very important, means of protection for owning rental properties.

It is a practical way to dip your toes into real estate by using your primary residence to generate rental income.Meanwhile, for the patient investor, the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is an incredibly effective method over time, allowing you to steadily build wealth through real estate.Both methods have served me well in navigating the Tampa market, and I would be happy to share more insights or connect with you if you're interested.Best regards,Jorge

Becoming a successful investor won't boil down to a single eureka moment.

- Are you looking to do a partial lien release without losing your incredible interest rate so that you can sell off a couple of the future townhomes and hold onto a couple?

At the moment I am looking to wholesale the property. 

But all joking aside you have an incredible opportunity to do something way bigger than any of those things.

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.