It's a powerful and user-friendly tool that has made a huge difference for me.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

With $175k, their buying power is now only $875,000 with 20% down.($175,000 / 20% = $875,000)Of course, the buyer can put less than 20% down and pay private mortgage insurance, but let’s say they really want to put 20% down.As a seller, you have now reduced the pool of buyers who can pay $1M for your home since the buyer needs to save more money to reach a $1M purchase price.So, would you rather make $875k and “save” money on commission, or make $975k and just pay their agent?

It’s not huge , it’s a single car garage if that helps  9' shuffleboard table would fit a single car garage nicely, but be sure to dress it up the rest of the garage as already mentioned.

Pooling resources with others is one way to increase your buying power (and potential returns) and is something I am seeing more and more of in my day to day given the mutual tax benefits that can be shared and the high price to entry for housing rn. 

AI-powered platforms can be a useful tool to manage the routine tasks of a landlord such as collecting rent, tenant screening, maintenance requests and tenant communications.

You have to have the staying power to ensure you’re still “in the game” after a bad run.  

It was great meeting you at BPCON and I am so glad you are leaning into the power of this community to help you build your business.

That said, Solo 401(k) with Roth component can be powerful and does open up the discussion with your CPA or tax pro about paying yourself more (within reason), in order to make higher contributions. 

This quick turnaround showcased the power of market timing and effective negotiation, doubling the initial investment in just one day.