The one parcel that we will develop into buildable lots will probably be after we have built out/sold off the initial 30ish lots that are ready to go, which should produce capital and prove demand. 

Your age might raise some eyebrows initially, but as long as you're professional then you should be good.

Initial cash flows were not great but between adding value and appreciation my wife and I have been built a great retirement income and equity.Everything I have heard about Texas over the years, tells me you live in a gold field.Real estate investing though is not right for everyone.  

Implementing water-saving initiatives is a smart way to reduce utility costs.

PROS of a Solo 401(k) using a custodian: 1) Should you pass away while Solo is still active, or when you eventually need to terminate the plan and rollover to an IRA, much easier to open an IRA with that same custodian and initiate a rollover of the assets (retitling required at that time). 2) You have a custodian that likely offers some level of client support and education.

From what I’ve heard, it costs around $1,000 to initiate an eviction with an attorney.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.

The initial plan is a 1200 sf build out with plans to expand back away from the cliff later as finances and interest rates are more favorable.

Their REITs were initially sold to the investing public at $10.00 per share.