But if you house hacked a new fourplex every year for five years you'd have 20 units by the end of five years which is very powerful.

I have always believed in the power of real estate as a means to financial freedom (my dad bought me Rich Dad Poor Dad when I was a kid).

Maybe it is perseverance or blind determination, but whatever you call it, that is the most powerful thing I learned. 

In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment.

I have a unique situation wherein the property is owned by 5 siblings and they all agreed they want the oldest sibling to sign everything on their behalf, so they want to complete a power of attorney form to give him the right to sign.

I am dealing with four properties with them as I have financial power of attorney for my ill father, who owns them (so this is all quite new to me).

Make sure you have good power of sale clause, as well as having them sign a quit claim deed in advance so if they do stop paying, you don't have to chase them down or spend money to get it from them, if they vacate and disappear.

My net worth is currently more than triple what it was back then, which i guess is a testament to the power of time, consistency, and the happenstance of investing before the current run up in stock market and housing prices.

The HELOC provides a powerful tool for my investing.  

BUT, that being said, both these tax incentives are massively powerful tools for RE investors, and it pays to do your research and learn the ins and outs -  it could save you big $$$ when it comes to tax time.Here are a couple helpful articles on the 1031 121 combo: https://www.1031exchange.com/converting-property/http://www.exeter1031.com/article_overview_1031_12...http://www.exeter1031.com/application_sections_103...https://apiexchange.com/1031-exchange-primary-resi...Either way you go, it sounds like you're in a good spot.