Old, new, ghetto areas, Katy, cypress.

The money you took from our builds was for a 5 year old college future.

My research shows that all the legal support for this strategy is resting on two very old and not even super relevant PLRs - Public Letter Rulings - issued by the IRS.

Ten years ago, I created my profile on this platform as a hungry and motivated 28-year-old looking to build wealth through real estate.

This is very old but curious if you were successful with this? 

I make roughly 150k annually but have 200k total in student debt from graduate school.

The buildings are both 100+ years old but I have done my best to do capital improvements over the past several years.

@Grace Tapfuma I have no idea how things work in Australia but if I were you in the US…Don’t sell the business.Businesses usually sell for a much lower multiple of their products income than real estate does.To be honest, you’ve built out a lot of infrastructure to create a successful business and maybe reinvesting in it would create a much better return on investment.For which you could reinvest those future profits into real estate, once you’ve scaled your business into a money making machine that isn’t so dependent upon YOU to drive the bottom line.I had a friend (38 years old) just recently sell his medical device company for $30M dollars and now he’s using this chapter of his life to passively invest in real estate ventures.Meanwhile, I’ve been toiling out here for 19 years as a real estate investor and I’ve built a portfolio worth $18M and have a net worth of $5M at 41 years old.Sometimes the grass isn’t greener on the other side.Correct me if I’m missing something!

I needed to move to get my kids in school and the assumption was not going to happen fast enough.

My Class A home in a nice suburb with great schools is doing well with appreciation, great tenant but significant property taxes have reduced my cash flow.