You are correct by saying that you have missed opportunities by being too cautious.

It is a complimentary strategy to pull some of your money back and hedge your bet.My view on making money in real estate: Cash Flow is a hedge against corrections.

There is way more things that can be covered and any attorney can correct me on here, but these are the ways we understand how to make it work.

I am also not a CPA but @Avery Heilbron is correct.

Proper research, budgeting, and a well-thought-out strategy are key to minimizing risks and maximizing returns.In the end, BRRRR is an active investment strategy that, when executed correctly, can lead to long-term wealth creation, a steady stream of rental income, and a scalable real estate portfolio.

Hi Stuart, I think you're shining the flashlight on the correct thoughts about these two individuals.

Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

I know you said $5,400 but is that the correct monthly rent(total)?

If I am reading correctly, they are simply supplying the money for the partnership.