You might have to lower your cap rate expectations in the short term, but it's worth it for better long-term gains.

Current Assets:250k in 403B (max contribution)25k in 401k (wife 401k)400k in HYSA at 4.25% (need to move a lot of this, previously was saving for local Long-term Rentals... but haven't put enough effort into this."30k in checking50k in VTSAX15k in Disneyest 20k (bought side lot adjacent to property in 2020 1/2 acre for 15k... paid off)est 60k (bought back lot adjacent to property in 2020 3 acres for 45k... paid off)est 280k equity (Home valued est at 600k bought for 380, 320 remaining on note at 2.7% in 2020.

It's interesting that even though it never made it to me, but by them sending it to me it is considered "in my possession", because I can't do much in terms of reporting anything stolen.

I have considered creating my own Property Management LLC to do the work above and hiring my dad as an employee, however, I was told this would provide no benefit in terms of liability and it would just add costs and more taxes.I would appreciate your feedback.

Collect your money.Realtor is not licensed to talk about rates, loan terms, legal...

So we sold and put the TAX FREE profits to work here in TX.If your long-term goal is to own 2-4 rentals.

The benefit is that there is no accounting reconciliation needed like there is if you collect payments through Cash App, Venmo, or Zelle.

But there are several benefits - one being there are no pay-back terms on the loan.And of course it's all tax-deferred (or tax-free is used properly).Hope that helps!

A credible lender will be happy to provide them.Experience: Check how long the lender has been in business and their experience with similar projects.Red Flags:Upfront Fees: Be cautious of lenders asking for substantial upfront fees before any services are rendered.Lack of Transparency: If a lender is not transparent about terms, fees, or the loan process, it’s a red flag.Unrealistic Promises: Beware of lenders promising guaranteed approvals without a proper assessment or offering terms that seem too good to be true.Poor Communication: Difficulty in reaching the lender or getting clear answers can indicate potential issues down the line.By conducting thorough research and due diligence, you can confidently choose a reputable hard money lender that meets your needs.

Renting it out to build long-term wealth?