It will familiarize you with the basic terminology and benefits.

It will familiarize you with the basic terminology and benefits.

This marks a departure from the previous multiunit financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes.This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership.

However, all expenses and income must flow through the SDIRA, and you can't personally benefit from the property—meaning you can't live in it, use it, or even do the rehab work yourself.

@Irene Gustaitis It’s best to keep your LLC in Connecticut (CT) since the property is located there, simplifying legal and tax obligations.Even if you get an LLC in CA, you need to register an LLC in California (CA) and will have to pay the $800 annual franchise tax without gaining significant tax benefits.

FYI, she currently is responsible for paying the taxes and gains the tax benefits from ownership. 

By offering them control over key areas of management, you're giving them the reins to drive profitability, while you focus on gaining invaluable experience and building your own capabilities.It's a win-win situation - they get reassurance about the property's profitability and you get the benefit of their experience to hone your skills.Keep pushing forward and best of luck on your journey!

Real estate has unique tax benefits, such as depreciation and 1031 exchanges, which can help lower taxable income.

This steady income has become a reliable part of my investment portfolio, demonstrating the financial benefits of a well-executed real estate strategy.Reflection:Looking back, this investment has been a rewarding journey of vision, effort, and strategic planning.

If I’m interested in purchasing a property I make an offer that benefits ME.