When you transfer money from your business banking account to your personal account, the IRS will see this as income, and you will be taxed accordingly.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

@Ilyas KarzaiInvesting in CA can be very lucrative but as other posters have mentioned there are trade-offs, taxes, costs, and tenant laws.

They avoid accountability and as my manager often reminds our staff, "they are tenants for a reason".Recent applicant's bank statement showed she got $12k in income tax refunds.

You will also want to be sure to keep your eyes and ears open to the possible tax benefits of investing in RE.

Most people can agree it's a very slow process to build a portfolio, working to accumulate more units and reach financial freedom.

Alden Global Capital, known for owning the Chicago Tribune, has invested in Chicago's delinquent property taxes.

I get great tax benefits.

It's pointless→ I want to evaluate how the property is performing NOW→ Where it COULD BE performing→ And WHAT it will take to get there.This involves (at a minimum) checking comps, creating a 5 year proforma, verifying taxes & insurance, and making assumptions about the business plan.You can't determine if a deal is a pass/go simply from NOI / Cap Rate.The art of underwriting involves finding value where others miss.If you're passing on deals just from dividing the in-place NOI by a cap rate, send those over here!

Are there ways to tell if one area of a major city is appreciating in value vs another area (besides picking a dozen properties and analyzing zillow estimates (or sales comps/tax assesments, etc) ?