It has been on the market for three months, with the price reduced multiple times from $550,000 to the current $375,000.

When it comes to real estate investing, one strategy stands out for its ability to build wealth while significantly reducing your personal living expenses: house hacking with multifamily properties.

However, capital losses cannot directly offset rental income, though they can reduce up to $3,000 of ordinary income annually and carry forward.

This can reduce your financial burden and spread risk.3.

-Tax Reduction [no longer available for new investments] - Furthermore, the taxes on those capital gains may be reduced if the Opportunity Zone investment is held for at least 5 years — and even further reduced if held at least 7 years.

Maybe paying off credit card debt or other debt on your report to reduce the minimum payments, increasing the downpayment, finding a house that doesnt require HOA or flood insurance (if applicable), etc.

The ability to use leverage and reduce taxes in your highest earning years without having to put money into qualified retirement accounts is a great way to build wealth.So - If you own an STR:1.

Declining Interest Rates: When market interest rates drop, refinancing can reduce monthly payments, thus improving cash flow and enhancing the DSCR.3.

This reduces vacancy risk and helps maintain cash flow while you learn the ropes of being a landlord.

The city is home to the Cleveland Clinic, one of the top medical centers in the U.S., which creates a great opportunity to leverage real estate for attracting travel nurses and other medical professionals.