Hey Carlos, welcome to the real estate world!

If you want to get out of real estate you could get a better return with a CD at a bank. 100% guaranteed, 100% safe  3) You want higher returns and higher risk?

I told them that I work with real estate investors that would be able to help them and put some money in their pocket to help them with their crushing debt and bills so they wont go into foreclosure on both houses How did you finance this deal?

Purchase price: $275,000 About three years ago, at the age of 25, I took the plunge into real estate ownership, purchasing a two-family property.

Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.

Quote from @Allen Zhu: I'm curious if anyone has seen tremendous success with out-of-state  real estate investing.

Real Estate usually works best when is  leveraged, and the more money you live in a deal the less CoC return you make generally.

When I first started investing in real estate, I discovered how important it was to identify and capitalize on the right opportunities.

@Chris ShonYes, a real estate accountant is worth what you pay them.

This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions.