Real estate is an incredibly powerful tool to an investor in creating generational wealth.

@Katie TreacyNot a cpa but I believe it will do the opposite as you should be claiming it as income and paying taxes on it.

Renting added income to retire.

A healthy price will generate a lot of inquiries, but only one of two applications in the first couple week. 

The problem we have is we retired early so we don’t have income to show.  

I'm just starting my real estate journey myself here in the Upstate and am learning that local connections, regardless of how knowledgeable the online ones are, still seem to work best for me.For instance, out of state accountants may excel at income tax matters, but then you may miss those nuances of how property taxes hit investors harder than homeowners in S.

All investors should consider private money lending as an additional income stream if due diligence is done correctly and the project is a good fit.

Here is my ambassador link if you would like someone to walk you through it: Sign up to host on Airbnb and use the extra income to fund your passions.

GAAP accounting, reporting to the Federal Government every month, and a business mind says: take the loss this quarter while we have income to offset.Account Closed foreclosure where borrower doesn't file BK or lie and change the title or other postponement ....s costs about $55000 today as digital processes and video hearings save time and money.There are better tools today.

That could crush buyers who already are tight in coming up with enough money for a down payment and closing costs.