Can't wait until they show us the economy is growing at the 5% or more required to get those jobs figures that fast!

Short term capital gains are at the same rate as ordinary income.

Just to be clear I will add my 2cents, when it comes time to retire the loan on the 401k will need to be paid in full or the remaining balance will be considered a distribution and taxed at ordinary income tax rates.

Steven Hamilton II are you saying that driving to and from your rental property is not a ordinary and necessary expense?

A lot of these agents are residential real estate agents who do leasing as a way to supplement their business of buying and selling houses, so don’t be surprised if they try to induce you to expand your growing real estate empire.There are companies that deal only in finding tenants for residential property.

There are no mistakes, but only opportunities to learn, grow and expand.

If my end goal is to make Real Estate my #1 job and to grow an empire, where do I start?

Things came up like 30-100 pads, no wells or septics, owner willing to finance, none of the units are rentals, park is just outside big market, stable or growing market with job market to support it, etc.Is there anything else?

We have now 5 homes and are still growing.

The main reasons are the population of these two cities are growing fast, there will be high speed rail station built up in Palmdale which will help local development, and finally these two cities are within 60 miles radius of LA.