I am able to take over the loan, but need to pay the equity difference.

I have been a long time listener of the podcast and read a few different investment books and I am interested in building a single family rental home portfolio.I currently live in and have been rehabbing a 4 bedroom 2.5 bath home with a 2 car garage on an acre lot in a cul de sac.

Most companies only allow you to take out 50% only.Unless you’re switching jobs or it’s a hardship than you can take out all your money but I will pay a huge tax I believe a total of like 30%..But if you use the 401K into a primary home, it gets taxed way different which is a good thing if your mom wanted a property and investment.You can also borrow a loan agains the 401K and would just have to get the money taken out her checks until the loan is repaid back.

Different ways to house hack.... let's discussThis works anywhere, BUT your market does impact inventory and prices.

Section 8 people are a little different as they don't want to lose their benefit and will often do the right thing.

My main question is, can the house be rented to two different tenants?

So we are in a very different time today.

Be Clear About Your GoalsKeep in mind that mentoring may come in many different ways, from official connections to informal guidance from seasoned investors.

So once you have that clear, then the next step is to put a plan on how you are going to acquire the homes.you can network with wholesalers or find the properties in the MLS. also, you can drive for dollars, send direct mail to motivated sellers, place signs, advertise online or on radio or billboards, etc.There are so many different ways to find properties, I usually have about 20-30 properties under contract every month.

I’m hoping to use real estate (depreciation) to help me offset my large tax bill (in case it makes a difference to answer the question as far as the LLC).