@David Miller that’s right, as long as all accumulated pref is caught up.

Also, getting a hair strainer for your drain can prevent hair clogs if you don't like pulling out the accumulation from time to time.The property owner is probably talking to the manager asking them the same question, "If this seems caused by the resident, why am I paying for it?"

I'm putting together a Capital Accumulation Comparison (a la What every real estate investor needs to know about cashflow...) and I'm wondering if anyone could explain the tax impact of loan amortization to me.Specifically- Does loan amortization count against deductions I can make for that tax year?

A down payment is made to the seller, and you pay a bit over the market rent each month that accumulates toward your equity in the property.  

Can you use your own contracts when wholesaling in Texas? I have templates and I'm not sure if it would be accepted by title company or not.

So all the the accumulation of appreciation during the decedant's ownership is essentially tax free and the basis is re-wound to be value at the time of the death.The bad news is in most estate situations the heirs want their money now.

I've been on many forums and accumulated thousands of posts over the years, but have never received this much meaningful feedback in less than 24 hours.

Wealth can be accumulated in many ways through REI, so be sure not to make your focus too narrow.Feel free to reach out if you'd like to discuss some other key investment metrics to be mindful of.Good luck!

For a long time after that bad experience(I was 19-20 at the time) I was inactive and just trying to accumulate as much knowledge as possible to avoid failing again.

A rock has no value, produces nothing, and just kind of sits there and shines.How would you go about disproving a gold enthusiast, and showing them how unwise it might be to bank their future on accumulated gold, vs businesses, land, debts, and other things that provide real value to the economy and human life?