If we had hundreds of loans out, we’d have enough monthly income to aggregate the payments into additional loans—but we don’t.If you do this, your note will have to have a compounding clause in it, provided by your lending attorney.

Increase your earnings, reduce expenses, save up, and invest.

He is  content to earn income solely through a W-2.

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

If you tie the bonus to early renewals, a bad employee will renew bad tenants just to earn a quick buck.

But let HIM earn it.

3) Average income was up 4.5% in 2024.

My recommendation would be different if you were a high-income earner or if you wanted steady equity growth.