If you’re interested in investing in real estate, you can consider doing so with a Self-Directed IRA to defer taxes on capital gains until you actually withdraw the funds from your IRA.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Self managing is a solid way to learn the business, and it’s smart that you’re already setting up systems and tools. 

@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.

If you own real estate in a self-directed qualified account, the 1031 exchange is unnecessary.

.: Self-proclaimed “Short Sale Queen” and associates indicted in federal mortgage fraud schemeTuesday, December 3, 2024For Immediate ReleaseU.S.

Of course my nosey self had to go look up your rental property.

It wouldn’t take much time with “steady” home prices for the graph to self correct. 4) I assume at least some of this is choice.

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level).