. $55k tax free is like $75k pre-tax W2 earnings...we essentially doubled my income that year.

Essentials include pack ’n plays, high chairs, safety gates, and easy-clean surfaces (no white sofas!).

Hey Brandon,I had good success by getting equity lines on properties to access the cash to invest again. 20% is certainly not essential if you want to go lower there are many lending options for lower down payments, especially if you are willing to house hack!

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

Essentially anywhere other than Hartford or Waterbury.

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

Essentially he wanted to live in his own place but didn't have the money and I figured buying a house with him at the time was a good investment.

It’s affordable and easy to set up, but not essential.

Many agents won’t analyze your numbers for you, so it’s essential to be creative and understand how to add value to a property or land.