You and your wife can each contribute 6000 a year for a total of 12,000.

Been making my secondary focus primary the last 2-3 years by maxing out my 401K and contributing my tax return to my Roth IRA; so would like to contribute my income/savings directly into real estate).

That being said if you do decide to go the partnership route you want to make sure to clearly define everyones role, responsibilities, capital contributions, loan guarantor roles, decision making authority and exit from the partnership if someone wants out.

I want to hear from experience investors and Realtors on what we should expect in the early/mid part of 2021.Thank you for your contributions.

With somewhere between 1-2 years before I am anticipating we will start looking for a new place, I would like some wisdom on how to prep.Key Personal DetailsW2 Income After Tax, Contributions and Benefits: $6000/mthExpenses: $3800/mthRental Income: $2000/mthRental Expenses: $1700/mthCurrent Cash Flow: $2,500/mthProperty 1 (Primary Home - Poway)Market Value (Zillow): $440,000Current Mortgage: $187,000P&I: $780/mthHOA: $415/mthProp Taxes: $260/mthProp Mgmt: $75/mthProjected Expenses: $100/mthProjected Rent: $2200/mthProjected Cash Flow: $570/mthEstimated Gain if Sold: $253,000Property 2 (Oceanside Rental)Market Value (Zillow): $350,000Current Mortgage: $206,000P&I& Prop Taxes: $1300/mthHOA: $350/mthProp Mgmt: $75/mthAverage Expenses: $50/mthActual Rent: $2000/mthCash Flow: $225/mthEstimated Gain if Sold*: $144,000Other Assets:$270k Pre-Tax Retirement$45k Post-Tax Retirement$60k Taxable Account$40k Cash on HandI genuinely enjoy my job and appreciate the benefits associated with it - company is currently WFH but don't expect that to be permanent.

We did a full reconciliation of all equity contributions and closing / rental costs and then my in-laws cut me a check to effectively buy their 25% of the business.

And of course, thank you to the rest of the BP community who have contributed so much value and insights to newer investors like myself on this forum.I found a short sale SFH and have determined that the numbers will not necessarily work as a long-term rental but will work as a flip.

I got all my info from reading BP for free, tho, so I might as well contribute something back to the community.

Having an agent, lender, property manager and contractor who all know how to work with investors buying from a distance will all contribute to the success in OOS investing. 

I bought the house using the AR-LLC money (basically capital contribution).- Do I have to transferthe purchase price plus rehab costs money for the OH property to the new OH-LLC bank account (from the new holding co, then pay that money back to my AR-LLC for the transfer?