They have to take it out within 10 years, add it to their regular income, and pay taxes at the highest bracket in their life.

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..

Start by reading Rich Dad Poor Dad and Set for Life to shift your mindset, and remember that your first deal or breakthrough networking moment will boost your confidence.

If they're delinquent after only 2 months, they're either facing sudden life changes or you did not properly screen them to begin with.

While they only took up a word or two of this story, they took up months and years of my life for which I earned nothing and lost much, at least in the short-term.

It really does depend on timing of being put in service, that bonus it qualifies for (if any) and the life cycle of the elements that can be advanced. 

I keep scans or pictures of all of all letters I send this way including the letter as readable before it goes into the envelope which includes the tracking number written on the letter, plus the filled out certified mail paper and the envelop after its addressed. 

With house hacking (mentioned in the thread), the more uncomfortable you're willing to live, the better the numbers will be, the more comfortable you need to live, the worse the numbers will be.I've house hacked twice in Reno, NV and it's changed my life.

If you buy real estate, you will spend hours and days and weeks and months of your life dealing with it… Home repairs, guests,… An investment really has to be pretty amazing to sacrifice all that time for itThe houses I own I bought many years ago at dirt cheap prices and dirt cheap mortgage rates.

I did that (posted the notice on the screen door and took pictures), however don't know if it's legally served.