The ability to defer taxes into the future is one of the greatest attributes of owning real estate directly.Finally, because private equity real estate is typically held in an LLC, which is considered a pass-through entity by the IRS, 100% of income, losses and expenses pass through to the owners.

In the future I'd like to look at a quit claim deed to an LLC.

Definitely a book that has changed my mindset and future prospects in less than a year. 

Good luck with your future REI ventures!

While I believe wholeheartedly in being fiscally conservative, if you always are sacrificing for the future that never arrives, that isn't much of a life. 

Hello all, I think this will be kinda long, so I'm gonna try and give you a quick summary if you don't want to read it all:Current diesel mechanic, just turned 30, living in Austin, TX, looking for more lucrative care...

I'm actually looking to move into the PA market sometime in the near future as I will be moving out towards Robinson soon.

This is just a means to get better results growing that money for your future retirement.

I don’t really plan on changing anything in the near future.

With all of that being said now my question is, what type of documentation do I need to keep to prove to the banks in the future that I have been managing this property my self??