I would agree that RE prof status is hard to achieve with a limited number of properties.

Roth IRA contributions can be withdrawn tax-free, but earnings may be subject to income tax and penalties unless the account has been held for five years and you're 59½ or older.Instead, consider rolling over your IRA into a solo 401(k) if you're self-employed, allowing you to borrow up to $50,000 or 50% of the account balance, whichever is lower.

Again how we balance automation and the use of AI for ops streamlining with human-centered property management is key.

A 1031 exchange the depreciation schedule travels,.8) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

Welcome to BP - this is a great platform to initiate your real estate journey.Dive into comprehensive guides, connect with experienced professionals, and explore a wealth of opportunities that can help you achieve your real estate goals. 

You could probably just go buy a different investment property and achieve the same returns.

As a licensed contractor and real estate agent, I can review your estimates, ask the questions you might not know to ask, and help you make an informed decision that balances cost with quality.

I had enough food to get by.And I had to deal with a worldwide pandemic slowing down the economy when it came time to list my house.But life has a great way of balancing out the good and bad.

., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.