You will realize the loss for tax purposes when you sell the security, which it sounds like will happen in 2025.

Obviously lots of factors play into this (market, debt service, etc.).

Unfortunately, aside from that, it was mostly brag talk about his portfolio, how he was firmly anti-debt, and how much money he had coming to him from his CDs that he was going to use to develop--you would have guessed it--another warehouse.

Debt Funds – Some lenders focusing on fix-and-flip portfolios have blanket loans or credit facilities designed for volume investors.

Eliminate debt, establish a budget, and save.

Yes, property taxes are higher for investors but not terrible. 

You can use defined percentages, like taxes, because they are a product of a specific percentage applied to property value. 

If your debt to income ratio is good, you can control a $700-800k asset with $50k.

I have begun my tax lien journey.

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.