This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

I have other existing consumer products.So I would outfit the RV with Solar and Starlink to provide power and internet at all times. 

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

(Creating a contract to protect the both of us if things go south) Nippon Real Estate does a lot of podcasts and provides value for foreigners wanting to invest in Japan.Properties newer than 2000 are structurally sound to last a level 6 earthquake.

The first mortgage will provide a payoff to the sheriff/court and the funds from the auction go to them.

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

I know many landlords set a credit score threshold around 580-600 for Section 8 tenants since the program provides a rental guarantee.

It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state.

The main hassle of conventional lending is being able to provide proof of income and seasoning.

AND the side you live on you can rent out a room or two depending on the number of rooms in your duplex or you have the option to maintain your privacy and sanity and keep it to yourself.