Originally posted by Account Closed:Dont forget about the big shadow industry of homes all that fannie and freddie sold to hedge fund investors ,they had to rent them for 5 years and they should be hitting the market soon, it was over 2 billion worth  I heard they don't have enough market share to impact values that much.

@John MyersSounds impactful...

Next I called the document review company and asked about the impact of a land lease lien and why they didn't see it during their preliminary doc review.

Do not read the book to get practical tips on HOW to invest in real-estate.As fay as the Tax question, there are several different kinds of corporations that help companies reduce their taxable impact but you should seek out a CPA to help you with that. 

High Level Cons - Assuming you plan on buying more you won't qualify for more loans as the banks will look at your DTI (Debt to Income) and if your Debt is higher it might impact your purchasing capacity to buy additional investment properties.  

@Alex Vidal finally, feel free to take a look at the example investments on my website and you'll see that I am generating the returns communicated.In addition, I've worked professionally in investment management for over 12 years (BlackRock, Franklin Templeton, etc), and I'm confident I know how to calculate COC and IRR correctly.In addition, though I won't assume it, it's likely that if you're investing locally that your buying significantly older properties that required extremely high maintenance expense, which negatively impacts your return.  

He said there would be no deductions...which would obviously have a huge negative impact on your cash flow if you couldn't deduct depreciation, mortgage interest, insurance, operating expenses, repairs, amortize capex costs, etc.Am I missing something, or would a 15% flat tax with no deductions be as bad for landlords as I think it would?

The longer you hold, the greater the impact on your taxes.

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