Florida: The Paradise of ExclusivityFlorida remains one of the most coveted destinations for investing in luxury properties, not only for its beaches but also for its favorable tax climate (no state income tax) and glamorous lifestyle.Miami: Miami is the epicenter of luxury in Florida, with its combination of tropical climate, white sand beaches, and a vibrant cultural scene.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

This property in Nashville stood out as a prime investment opportunity, combining a great location and renovation potential.

- Tap your equity without refinancing - YES- Pay down principal and save 8% interest - YES- Lower interest than "hard money" loans - YES- Interest-only payment if needed -YESThe negative is paying high interest from the combination of high principal and high interest %.  

Or maybe you want to do a combination of the above?

I've been helping folks navigate this market for the past 20 years, and I can tell you, combining a personal residence with rental income is a game changer.Just last year, my friend Dom helped a new investor find a charming duplex in East Austin.

Or maybe you want to do a combination of the above? 

That more or less means being able to combine the equity from multiple properties.

Combining LLC protection with insurance is often the best approach.

Since flipping income is considered active income, it combines with your W2 earnings and can push you into a higher tax bracket, so it's important to set aside funds for both the increase in income tax and self-employment taxes.