We have learned to live off nothing being on one income and would like to generate some wealth for our future.Best,Rhiannon

@Joey DeClercq If you want to build a business I would suggest going with a 100% broker. learn how to generate your own leads without paying.

An LLC might be a good option for buy and holds and other passive activities where you are not generating short term capital gains or short term income.I would recommend you consult a tax preparer and your insurance pro.  

Again, in your example, you are selling 400K in real estate and generating 200K in proceeds.  

And this is the plan I've generated so far:I would like to focus on finding a duplex/ triplex/ 4-plex in Norfolk, preferably in close proximity to ODU (North or East of) or NSU.

(I Have Not Focused on Generating a lot of Capital through this Company in 2016.)I am Doing my Taxes Myself (for first time) & Want to know if through H & R Blocks Do It Yourself Tax Program(or any program) ..#1)  I Can take Alllll These Receipts and Investments and Input And Receive a Nice Tax Break Even though the Co. ( on Record did not make much money).

.$50k spread over three 401k accounts.Excellent credit.FHA loan on your primary (and only) house in Washington DC, with $200k in equity.The goal is to generate an additional $1,500 post-tax income by the end of 6 months.Thanks so much for playing!

The article (and myself) are focusing on generating cash in hand so you can live off your rentals.Personally, I have 20 years to the traditional retirement age...14 non-leveraged homes is a much more realistic number for me than 56 leveraged homes - especially with that 10 loan lending limit.

There are 50 properties generating around $28K a month in gross rent.

Its an interesting trend the Rubs programs in multifamily is including more and more  Trash, Water, common area energy, vacancy recovery.