Also, don't forget that, if you pay taxes, it means you're making a profit.2.

They don't seem to realize that this is a financial organization. 

The borrower must have a good deal from which they will make a fair profit.

I know that it eats into profits but it is something to consider for at least your first rental.

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.

@Allison Littman To structure the purchase creatively, you could split the $600k transaction into a $400k purchase agreement and a $200k charitable donation to the seller’s tax-exempt organization.

My publishing business is now running smoothly and transitioning into profitability, so I’m turning my focus toward my next venture: multifamily real estate.

I’m still working toward my first deal too, but I’ve been learning that tracking maintenance and expenses is all about staying organized from the start. 

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Equity Partner (Joint Venture): You find & manage the flip, they fund it—split profits 50/50.