I personally learned I enjoy local investing in residential properties.

I personally don't like the idea of using OPM as is often recommended for people without their own capital.

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

Basically wanting to pay two years of Real Estate taxes in 2025 and deduct on 2025 Return when filed in 2026.

This person has 8 months remaining on their lease.

I did file a large claim a few years ago for a broken HVAC.

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

Offered to intern/work for him at half the pay as his personal assistant if he would teach me everything he knew.

Would even be happy to meet in person since we are in the same area.