The roof is under 10 years old, electrical panels have both already been updated, framing for an open floor concept is almost complete, and it's been converted to serve as a one-bedroom apartment upstairs and two-bedroom apartment downstairs duplex.

@Sam HazanAccounting for real estate investors may be tricky for those without an accounting background.From closing you want to book items to the cost of the propertyJournal entry 1 - To record entry for Purchase of House          Closing cost: Title search                          $2,000          Cash                                                           $10,000          Home Inspection                                             500          Appraisal                                                         $500          Mortgage                                                 $187,000Building                                        $200,000Journal Entry 2 - To record mortgage payment          Cash                                                             $1,000Mortgage                                               $400 Escrow                                                    $300Interest                                                   $300I hope you now understand the concept behind it.There are a lot of small details that you are unable to detail here.

To fully understand the concept you have described, we need to separate 2 types of workflows: 1.

I have used this concept so far in my life where if someone is trying to give me advice on anything, I take a good look at their life and if I don't aspire to have that life or that segment of it at least, I usually don't read too much in to their advice.

I have read a ton of books and honestly besides some concepts that I have learned I am missing the "HOW TO REALLY DO THIS" factor.

"Apex Home Services" Your company culture remains hidden.If you choose a descriptive name like, "Quality Home Services" it lends to the conception that you do quality work.You can also choose a memorable company name.

She does not understand all the concepts and enjoys decorating the house for the different seasons.The important part is she listens and is happy for my success.Sometimes both spouses are into real estate and other times it is just one or the other.

One of the more basic episodes but did love the concept of applying dollar cost averaging in yearly purchase cycles to escape the excuse of not buying properties in a peaked out market, something I have not heard elsewhere.

The house will not have any gas heating - mini split systems are being installed throughout the house.The general concept around the plumber's pricing is based on charging me $2000 per "run", which he represents compares favorably to a large plumbing contractor typical pricing in NYC.

The idea that you must use a dividend-paying, mutual whole life company is simply part of the sales pitch behind the infinite banking concept.