Originally posted by @Jacob Rhein:Thanks to @Michael Plaks, Account Closed for your feedback.

Originally posted by Account Closed:@Adam Adams3 appartment buildings and 6 houses with 40k in hand121k gross income at say 10% annual that's 1,2m worth of real estate That's a 30:1 leverage...or 97% LTVI want the name of your lenderHonestly after the subprime crisis mess, i thought they would ban that kind of excessive leverage but it seems it is back to business as usual My average LTV is closer around 55% *NOT 97% The part you missed is: I'm not paying market value: To be clear, my lenders are private lenders.For example:Step One: 40k in the bankStep Two: Purchase 100k worth of property which grosses 18k/yr.

Make sure you account for the deposit within the timeline set forth in Texas which is within 30 days of move out and receiving a forwarding address 

Account Closed all pretty good questions. 

Will still be cheaper than hiring contractors to do it all.I know I should probably start working with an accountant but I just want to make sure I'm not shooting myself in the foot tax-wise with anything I do in the next month.

I don't wholesale much because I like to keep and own assets that pay me over and over, but you have the right idea Account Closed.  

While I do think that Austin will continue to grow rapidly for the next few decades I think there are just too many unknowns to account for.

He is allowed to pay you up to $600 dollars for your labor without sending you a 1099.Did I mention I'm not an accountant? 

  $3,500 in expenses not accounted for. 

Account Closed Thank you for reaching out.