I did qualify I quit my job last month to focus more on real estate investing, and I want a GC license so I can contract my own builds.

If your basis is $2M and you clear $5M after selling costs you’ll owe somewhere between $450k (all capital gains tax) and $750k (all depreciation recapture.).

The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

Think about your renovation and turnover cost. 

The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.

Did you know 94% of Americans don't own a single investment property? 

Yes, you can cut your hair yourself, you can floss and deep clean your teeth too , also prep your own avocado toast with your own squished Orange for drink.. 

First of all, your cash flow is not $900 a month.

Hello Hunter, does your local MLS not allow you to syndicate your rental listing to all those site? 

This gave us a clear idea of all the details we needed to know in terms of paint color, floor, and other key fixes such as windows, doors, and cabinets.