There is a $24 annual loan administration fee.

But this would be advised when you expect to reach a decent amount of profits.In general, rental real estate is not subject to SE taxes, so what you're proposing here is unnecessary and actually ends up costing the individual more in taxes and administrative overhead.

There have been all sorts of rumblings on the Biden administration eliminating the step up along with the 1031 exchange and the like.

It seems that the rest of them that got trapped into the idea that they had to go to College and do it on Government Loans, may get a Bail Out with Tax Payer money from the new Administration.

Hello I am Bruno,
Been watching the biggerpockets podcast non stop for weeks now after researching how to make it in real estate.
I currently own single family home here in Oakdale MN but looking to start purchasi...

I was able to take my pay from 92k a year to over 260k annually as is and am due to meet with administration for another raise simply through the knowledge my MBA is providing me.

The structure you're proposing looks good on paper but is more likely than not to materially decrease your ROI because you're substantially increasing administrative and tax overhead.Old military acronym applies to real estate investing when just starting out: K.I.S.S.

This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

This tablet would be used for various mobile administrative needs such as keeping receipts, tracking mileage, storing property information, mobile banking, etc.

Disclaimer: this last paragraph may become outdated once/if the current administration changes the rules for SocSec tax, as they have proposed.