This would be taxed at High Personal income tax rate.

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

Some thoughts to consider:If you sell now, you are unlikely to pay capital gains taxes as your first 250k (500k if married and filling jointly) aren't reported.Doing your first rental remotely is undesirable without 1.)

I could get the same or higher overall ROI by putting my money in an index fund which is 100% passive.Deal #2This seems like a good deal to me at the asking price.

I've been knocking on doors, there is one that seems like it's abandoned, however despite finding the owners name from tax records I cannot seem to get in contract with them to make an offer (despite trying x, y and z). 

How do you become a broker for hard money lending? 

I use a hard money lender to pay $126,000 for the purchase and the money partner's money for the rest of the down payment.

If all in around $435k, wouldn't she need to leave money into this deal with a projected ARV at $500k?

This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?