@Alex K.

K.

Quote from @Jasper K Juhl: Hey @Yesenia MartinezGreat job on the investment in Odessa!

Quote from @Jasper K Juhl: @Ken Chud, I totally get where you're coming from.

Portfolio income, reported on Line 5 of the partnership’s K-1, is not subject to self-employment (SE) tax.

Quote from @Steve K.: Hi everyone,Can anyone recommend a broker or company that specializes in selling new construction and turn-key apartment complexes.

Quote from @Jasper K Juhl: Hey @James Crothers, welcome to the community and congrats on setting an ambitious yet achievable goal of owning 10 rental properties in 3 years!

Quote from @Steve K.: You've gotten great advice here but one piece nobody has mentioned yet is the cost of the appraisal. $1,200 is super high in my experience. $300-600 is average if it's just a vanilla SFR, and even the last MF appraisal I had (8 units) was only $800.

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

It should be noted that basis adjustment does not apply to stocks held within other Qualified Retirement vehicles like Annuities, IRAs or 401(k) accounts.