I have followed the Bigger Pockets podcast for years, especially when I first got my real estate license and got my first deals under my belt in 2021.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Insurance-  we had 18 months of full lost income coverage.  

I saw this site and was so excited to be able to create a team of people to connect with for Real Estate!!!

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

I ended up with 12 properties and 20k/mo in income after they were paid off.

For quick math I have a range of each between: 700/yr to 3% of gross income

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.

Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $174,000

Cash invested: $16,000

Bought a single-family home in spring of 2021. Rented it out for three years before...