Quote from @Jared Polk: I'm just getting started and am planning on buying a MF in the near future.

Quote from @Charlotte Wilson: Maybe I am overthinking this but when I look at properties to purchase that I plan to rent out, how do I make sure I am including all the potential additional “cost” besides the mortgage and property taxes?

@Alina TrigubA Solo 401(k) does not eliminate UBTI generated when the plan engages in a trade or business. 

I was in both architecture and real estate development for 18 years, so I'll be bringing that experience to the table.Looking to get back into the game with some big plans.

The current plan is for the house to be left to their children (my cousins) and as far as I understand it they just plan to sell and split the cash.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

I plan to buy a new property in May by putting 5% down and renting out my current home.

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.

New flooring, paint, appliances, toilet, etc..

Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.