We're all in this to build something meaningful, and I'd love to hear more about what you're working on in Norfolk!

Hey, I recently bought my first rental property in Polk County it doesn’t cash flow enough for me to have a property manager so I would have to manage this myself for the time being, however in about 6 months I would want to get a HELOC on the property and use that as a down payment on maybe a multi family and then rinse and repeat, I was wondering if this sounds reasonable or would I have to do something else thank you so much 

Can K1 losses from this LP only deal be also taken to offset W2 income?

*This post does not create a CPA-Client relationship.

I'd start with networking at your local REIAs and maybe a Bigger Pockets meetup once this storm blows by you.  

This could be a share of the profits or equity, typically in the 20-30% range, depending on the complexity and the workload.

You will also need join CAR at most firms this is $1250 a year.

I have everything and all legit charges, but at this point I just need her to send me a forwarding address so I can send her the remaining funds. 

This could be especially useful if you want to leverage that equity for further investments.

Does this exemption amount get subtracted from the sale price of the property, or the assessed value of the property?