The listing price, along with prop taxes and interest, were making this property's PITI payment to be well over 3 grand.

After taxes I netted about 40,000 after about a year of work and management. 

The key in the entire strategy is appreciating assets and building equity.  

I'm looking for long-term investment opportunities in growing market and am excited to build my portfolio.Outside of real estate, I enjoy surfing, live music, and traveling.Excited to learn and connect with you all!

Looking to connect with local investors, agents, handymen, and lenders for the St Louis area. Hoping to purchase a few properties in the next couple of months. 

I have seen a couple of different ones that span from single family rentals to mobile home parks and commercial real estate such as office buildings, storage builds, etc.

2) In a cash-refinance, let's say the new appraised value of the apartments is $1.8M, does this mean you can apply the $300k into the HELOC and not pay taxes?

Leasing Management Program Overview The Leasing Management Program will involve the following activities: • Annual review of all units via the tax assessor database to identify potential "hidden" leasing situations. • Creation and maintenance of a list of all units/owners approved for leasing. • Creation and maintenance of a leasing waiting list for homeowners requesting to lease their units. • Creation and maintenance of a list of tenants' names and contact information. • Inclusion of tenants in the association website with "renter" level access. • Inclusion of tenants in the violation system, including sending notices to them when needed. • Regular monitoring of approved leases to ensure proper actions are taken at the leasing expiration and renewal dates. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

Forge Trust is my custodian for the self directed IRA with checkbook control.Be aware of possible UBIT tax if you use leverage for the purchase any property. 

Hi,
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