All Forum Posts by: Jessica Pratt

Thank you! These are the few details I needed to connect in my brain to understand the strategy better. I will continue learning and reading. Natalie, I really appreciate your breakdown and comparison to w-2 income and selling. Tim, thank you for the book recommendation. I see this as an opportunity to ladder or, maybe more appropriately, cycle of building equity and taking out loans for income. 

I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The only way in my head I can see to make this work is if you ladder the payoffs and loans. But that doesn't erase the fact that the rental income received is taxable. Is this is a viable strategy, is there a good resource to learn more about this?

 Thank you for the questions to think about. We are just starting to discuss some of these things. Big picture, we are trying to bring more opportunity to our area for local investors in a variety of ways that could also benefit the community including bringing awareness to all the different ways that people can build wealth. 

Thank you, I will reach out to you today!

Thank You Doug!

Hi, 

I met with a real estate flipper and he is starting to think big picture. He is looking to start a real estate syndication and/or funds. We are in small town Wyoming, so I haven't been able to find an attorney or other financial professional who we can reach out to learn more. I figured this may be a good place to gather basic information and some possible referrals. 

TIA, Jessica