I have a house paid free and clear and I'm thinking about buying a smaller house to live in with a loan and rent out my big house.

It appears to be futile to argue with you as you are he'll vent on being right, even though your statements are clearly inaccurate.As for the know it all comment, typically personal attacks are not allowed on this site, however, your remark was more of a compliment.

Owner has a loan of 600K on the property, has to be made free and clear before doing anything.

It seems quite clear (as you have repeatedly stated) that most landlords who are non-RE professionals do not have to issue 1099-MISCs when they pay more than $600 in a tax year for services.

1) You get the cash flow now instead of having to wait til retirement - at which time you'll have to pay taxes on it when you pull it out.2) You can leverage that money to buy more properties.3) Real estate income is pretty much tax free anyway so what do you really gain by leaving it in a tax free vehicle that is only temporarily tax free - you'll pay when you end up pulling that real estate out of the 401k. example with some VERY loose guestimates on the numbers:100k buys you one house (worth about 130k) free and clear in your 401k.

For people who are clear about disposition of their assets upon death and who are clear about their beneficiaries (heirs), setting up a trust is a no-brainer.

Second, a coach should be able to provide you with the contact information of current and former students for you to contact and speak with about the program.Third, the coaching terms should be clearly defined; days and times he is available, in what way the coaching takes place (email, phone, in-person), and your overall access to him.

A lot of times I don't clearly understand that a choice had to be made, for example, about marketing strategy.

One check they clearly cashed, (I got the cleared check from the bank,) yet they wouldn't apply the payment until I provided proof they cashed my check.They recently insisted on communication only through certified mail, or get the lawyers involved.

I rehabbed, have owned free-and-clear two multifamily buildings: 8 and 5-unit for 3+ years.Essentially zero vacancy and steady rent increase in this popular downtown location.Annual NOI is $140K although I manage them myself.