Quote from @John Underwood: Are you sure it's not $600 extra per year?

Question that the “believers” don’t ask is “how much could I earn on the extra money I’m spending to pay down the loan faster?  

As an example, we decided to replace the windows in a house we were renovating and ended up costing us $50,000 extra because we got into issues with permitting and suddenly found ourselves having to hire an architect, speciality contractors, etc.  

. $130k your earnings are the long run are far different. 

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

@Brent BoltzBrent, it is great that it changed how you look at and value you hard earned $$$. 

Most people who want to start in wholesaling think that it's a great way to earn income to become an investor.

Lock away extra supplies; trust is great, but accidents (or curious kids) happen.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

But if you feel like you can learn the same skills on your own through experience and other resources, saving that extra tuition for your first investment might be the better move.