At least that’s my non-accountant, non tax-advisor, layperson’s observation of how it works, and of course these numbers are for illustration purposes only.If syndicators are telling you that you can eliminate your tax liability by reinvesting, they should stop telling you that.

@Chris Seveney  Very nice illustrations of the industry.To me this is a full blown enterprise that needs to have a lot of scale to make it worth the time and return..

Hello @Nick Henry,If your investment goal is an income stream that you can rely upon for many years to come, there are four steps you need to get right, which are illustrated below.Location SelectionLocation is the most important decision you will make, not the property.

I was actually out of town when they moved in, but I'll be making an illustrated photo guide to basic things whenever I have time for future students.

Simply writing it down and making adjustments as you progress is all you need to do.For the rest of this post, I will assume that you want to create a reliable income stream to augment what you are currently earning or to replace your current earnings altogether.The ProcessThere are 4 steps, which are illustrated below.

It illustrates the how and why behind your frustrations with out of state investing.

, this is just to illustrate that in terms of day-to-day operations, credit unions are banks like any other, run by bankers, etc.There is a credit union near me that stopped doing refinances, FHA loans, VA loans, and investment property financing, in March 2020.

(Random numbers just for an illustration.)Unfortunately, the rate difference can sometimes work against you: you may end up paying more taxes on the depreciation recapture than what you saved from the depreciation itself.

This example isn't Frederick, but it illustrates my point.

With a HELOC, you'll likely be quoted "higher" interest rates, but due to the nature of lines of credit vs. loans, you can overcome the interest rate scam and put money in your own pocket.The way I illustrate this is: if you put extra money toward a mortgage, but the next month you need that money back for a great investment, will the bank disperse those funds?