Meets in a room at Hyenas Comedy Club in Fort Worth. 7pm to 9pm.

Being new I would suggest started with existing builds but building small multifamily in a small town with a rental shortage could be a smart move (someone's gotta do it).

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

You would only pay taxes on all passive investments in a traditional SDIRA at distribution, unless you have a mortgage, then the portion of the income derived because of the mortgage will be subject to UDFI (unrelated debt finance income) which will trigger UBIT (unrelated business income tax). 

If this is a $100K property you may go from believing you have a healthy LTV ratio to being underwater in a matter of 2-3 months.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

Then over the course of the first year or so, if you could raise the rents by a total of $1k/mo (they are currently $2k, $1k, and $1k), then you might be able to pull out about $60k-$80k in a cash out refi. 

You may be in a Ponzi scheme.

Also, if you are in a partnership with your brother, it is unlikely that you are going to be able to offset his W2 income if he is just the financial partner.

Maybe not as bad if not in a beach town?