Rehab 🛠️Once you purchase the property, the next step is to rehab or renovate it.

My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level.

So, the day has come to finally figure out how much your rental property income will affect your child support payment.

Putting properties into your IRA means you have to be "passive" meaning you can't be hands on with the properties anymore. 4.

It seems like a great market for that despite the property taxes.

Normally I put the property under contract with a real rough estimate.

Maggie, keep in mind that pricing is based on demand so “expensive” property will usually outperform “affordable” property that is affordable because it’s often a crappy house in a crappy neighborhood that will attract crappy tenants.

It ties up your liquid assets into a property, slowing down your ability to grow/scale. 2.

When you tell your friends you are a real estate investor, they want to hear you are investing in flips and cool multifamily properties.

Or, I sell the Stockton home and put the money made, along with my savings towards the Sacramento home and be mortgage free within the next few years.My long term goals are to have cash flowing rental properties, but to also be financially and debt free.