This will allow you to grow your retirement savings - hopefully more consistently than in conventional assets if you know what you are doing with real estate.  

. - No, we always require at least 15% of the purchase price from the borrower.We do require an appraisal and base the loan off of this independent analysis.LTC is a ratio of the money the borrower puts into the total project vs the lender. 90% means the lender ultimately lended 90% of the total project at funding and the borrower had to bring 10%. 

(I opened the Florida markets and ultimately was responsible to buy/rehab/lease/manage over 12000 single family homes which we bought 1 at a time from Q2 2012 to Q4 2014)  Lucky me, I can say I have signed more individual closing packages than anyone in Florida history... that and $5 still only buys me a cup of coffee at StarBucks!

These two new purchases will wipe me out, but my goal is to start saving again and hopefully get a couple more in another year.I am bit addicted and see myself expanding my portfolio annually.

Pay $400 on this card, pay off this card, pay this old water bill, save $750 etc.

Hi All - My wife and I have 100k saved and we live in the Chicago.

Specifically regarding the Cleveland market which several people have been discussing take a look at The Ultimate Guide to Grading Cleveland Neighborhoods.

Exception: if it is a type of improvement that can be segregated and can qualify to be depreciated over a shorter asset life category, then you can depreciate it over that shorter life.2) No depreciable life is fixed by whatever category of asset you ultimately utilize.3) No the 27.5 life category is a straight line calculation.

You "saved $500" in taxes, but you still paid a bank $5K in interest for a NET LOSS of $4,500 dollars.The deduction makes sense if you need the mortgage anyway, it doesn't make any sense to get a mortgage as a tax liability "protection" strategy.I was at he bank one time and their "premier client advisor" was trying to convince me that I should be buy a bigger house to "save on taxes" and I just had to laugh. 

I have $30,000 to put down (a lot of sacrifice and saving only making $48,000 a year).