My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Hence gaining real life experience property managing, even in the short term, will give you the tools to be a great asset manager.

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

Slow start but hoping to gain momentum.

As our portfolios grow and we gain more properties, wealth and skills, at what point is enough?

Is an IRA subject to capital gains tax?

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

I wanted to spark a conversation about a topic that’s been gaining traction in our industry: the balance between realtor-led showings and self-guided tours for properties.As landlords, we all want to maximize engagement and find the right tenants as quickly as possible.

Meaning, TIME, your gaining TIME.

But it would give you time to save up for the 20% on a refinance in 2 years or give you the ability to use any equity gained to refinance in 2 years.