We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

Hello everyone,I’m currently in the planning phase for a development project just outside of Santa Fe, NM.

., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

Properties with low cap rates (5.3%) often trade because investors prioritize appreciation over immediate cash flow.

Maybe any wholesalers, investors, fix&flippers, landlords willing to share any experience.I am a fast learner and willing to provide my business, trade for trade, to learn how to acquire my first property whether that would be a small 4-8 unit building or start big with a 20-unit building. 

If you’re planning to hold this property as a rental after the rehab, make sure you’ve crunched the numbers on a realistic timeline.

I am more likely to take a risk, but i suspect when my husband is out from under a controlling baby mama, he won’t mind a little risk either.I love Texas, try to vacation there often and my husband is aligned with Texas farm property as a ten year long term goal.I’m also passionate about the trades and if i could do it all again I’d be part owner of some kind of builder or remodeler or specialty trades business. 

This is who will approve or deny your plans when you apply for a permit.

However, if the 401k has business income, it will be subject to UBIT.An IRA is not subject to capital gain taxes because it is a tax-deferred retirement plan.