Quote from @Johnny Smith: So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property.

This can be particularly advantageous as you’re learning the ropes and gaining experience.On the other hand, the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—can be a great way to build wealth and leverage your investments once you’re more comfortable with the process.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

There are advantages to many real estate assets, but that doesn't mean you invest in the them just to get a tax liability.

Unlike San Diego, the laws about rent increases and evictions and things like that are more reasonable for landlords, making those nightmare evictions stories and squatting stories less likely (hoping I never have to take advantage of that but still good to know)So i'd look for things like that if you can, good luck and do let me know when you end up closing an out of state flip!

It allows for a period of adjustment during down periods and takes advantage of the market's upward trajectory.By projecting returns, considering a solid five-year window, timing the market strategically, and analyzing historical patterns, I've been able to make profitable investments and build lasting wealth.Let me share with you the strategies on creating generational wealth that have worked for me and can work for you, too.Long-Term Mindset.

Quote from @Nick Bednarczyk: Based on a refinance rate of 8.5 %. the numbers do not work to you advantage.

I do not have my license yet but I have been looking into the best online, self-paced courses that I could take advantage of.

With out you local, you can be considered an easy target to be taken advantage of.

Even if not immediately then your son would owe it when he sells, so no advantage to this strategy.