younger business owner looking to move into real estate
im a big listener to the podcast of recent and just had some questions. i posted on the bp forum before and didnt get a ton of help like i was looking for so i figured i would see if you could lead me in the right direction. im 24 and a small business owner, im in the middle of buying my first property (to live in) and rent out 1-2 rooms. i would like to hit the real estate strong and be semi retired before 35. Ideally at 30 if i can. i however do not want to over extend myself though. i have decent credit and building in mid 700's and i have currently 0 debt until the house closes. being self employeed its obviously a little bit more challenging to get loans etc otherwise i would have had my first house 3 years ago. I make a fair amount with my business around 50-60 k take home .as i grow the business i obviously want to avoid paying as much taxes as possible but with that it lowers my income and qualifies me for less of a loan. i would prefer to load up an ira so it looks like i make less and therefore pay less taxes. how do i get around this hump to still qualify for a good loan amount? or do i need to bite the bullet and pay the taxes and then just go that route. i hope to hear from you in the near future, thank you