Quote from @Sam Yin: I will have to agree with Joe.

The idea of raising asset values gives people the illusion that they have wealth “wealth effect”, if someone is paycheck to paycheck (like most Americans are) but they are told they have 6 figures in “equity”, they still feel strong with their financial position. they don’t feel the need to save, and thus as a consumer driven economy that we are, they continue to live paycheck to pay check without feeling like they aren’t saving, because their “house is saving for them”….but then the fed hits the brakes when too much money gets out into the system and it sucks out all of that phantom equity with higher rates.

Quote from @Sam Barnsley: Hi BP Fam! 

When its time to file federal taxes, I am assuming I need to pay Uncle Sam around 20-30% of annual gross revenue, right?

I just purchased my first multi-unit property (duplex) in Sacramento, just near American River College.

I just purchased my first multi-unit property (duplex) in Sacramento, just near American River College.

Hi Sam!

What I've been referring to is actually an "enhanced" owners policy (see First American's Eagle product) which is significantly more comprehensive than extended and only available to residential homeowners (at least where we do business).Extended coverage is simply an alta owners policy with the 5 standard exceptions removed (after meeting the criteria -- affidavits, survey, additional premium, etc. -- for removal).Sounds like you figured a out a plan that works for you.

You can go to the member directory for the American Association of Private Lenders at AAPLOnline.com .

You are past most people already, it is time to put more $ in your pocket than Uncle Sam.