Account Closed very nice, I've been watching these being built, love the neighborhood and turned out great!

Originally posted by Account Closed:So we bought a property in Cahokia, IL.

That's around 25%-50% annually.

Thanks Account Closed.

I have used a CPA in the past when I had 2 S Corps but when I closed them I started doing taxes my self with good old Turbo Tax. I am pretty sure I take all the deductions I'm due and I've vehicles such as as solo 401...

The primary Team members are typically Attornies, real estate Agents CPA's (or accountants), Inspectors, General Contractors, and Handymen.   

The 2% rule doesn't take into account any expenses you have and the demand for your area, so certain areas of the country will have different returns and it wouldn't be prudent to apply a rule everywhere.

My college and potential partner,have good credit score (~750+),but he had a public record.The record is account paid,but information is still in his credit report and it is said the record will not removed until 2019.My concern is that can he still get mortgage from lenders?

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence?