However we won't be seeing that population gain like those out in Texas will.

It is our hope to gain financial independence by house hacking and by gradually building up a “real estate empire,” as we jokingly call it.

It is our hope to gain financial independence by house hacking and by gradually building up a “real estate empire,” as we jokingly call it.

mini recap on the numbers:530k purchase, 5% down, 7.5k seller credit.Cash used was: 80k rehab + 30k down and closing costs + 11.4k holding costs = 121.4k Current loan balance is ~502kLooking for my next steps with @Landon Hoon on how to best use the equity gain.

Business income is taxed higher, but his income is not business and won't be taxed higher than ordinary rates.The only things that are taxed lower then ordinary income are long-term capital gains and C-corporation income.

I am brand new to investing, and trying to gain all of the information and contacts that I can to begin my journey.

And I have to assume rental rates for other unit will appreciate higher than inflation, plus my Dad's slight increase in his rent to me 'maybe'...I see this as a net gain for me as even taking a ~$3k loss (yes this doesn't include over costs associated with managing a rental) each year for say 10 years, I save $60k of an original downpayment and can push it all into as tax advantaged vanguard fund gaining hopefully more than my loss on a year over year basis.

I'm currently working a 9-5 and would like to gain financial freedom.

You're reducing tax on profit from ordinary income to capital gain at the least and in the case of many of my investors - tax free.5.

Recently received my Florida real estate license to gain access to MLS and to see where this new credential takes me.