And on top of everything, I think the last thing about my returns,  it’s absolutely 100% possible because it’s exactly what I’m doing and I’m not trying to sell one piece of property so like the old saying says when you assume you make an *** out of you and me so stop making assumptions if you don’t know have a clue about my intentions which really are exactly as I stated in pure nature and when I get out of it is a group of people I helped and in the future, I hope that comes in handy, and I’d like to prove you wrong so if you wanna direct message me, I’ll give you my email show you everything and show you how much of an idiot you are

Here are our mortgages and a snapshot of each one1) Primary residence: 6.2%, $2,240/month (29 years left)2)First rental: 3.2%, $1,440/month ($500 CF, 10 years left)3) Second rental: 7.2%, $2,100/month ($300 CF, 30 years left)4) Save another 20% for another investment home.

AND it works other wise they would not keep doing it.so A true private lender is someone you personally know or have met who has money in their IRA or other cash but lending is not their business they just make a few loans a year to those close to them. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

A short back story is a long term friend and co worker and I have been talking for a year about getting in to rentals (his parents own 12).

I called WF and they said for business account I need a registered business like LLC etc which I do not have.I would go a step further and set up 1 Bank account for each property, this way at the end of the year you can go through each properties bank accounts to see what the income and expenses were. 

Retirement account taxes will be deferred for another 20+ years for year, real estate its depreciated but only deferred if you do a 1031 at sale. 

I plan to do this next year. right now I am trying to find a mentor.

Minor cosmetic and efficiency upgrades over four and a half years.

I could not live or rent my apartment for 5 years due to mold issue caused by the building.