Core PCE, which strips out food and energy, increased 0.2% and stayed at 2.9% annually.Minimize imageEdit imageDelete image👉 What this means for real estate: The Fed is balancing stubborn inflation with a softening job market.

Quote from @Mackaylee Beach: It's important to strike a balance between having adequate reserves and ensuring your capital is working for you.

You do not pay this money to anyone, they just want to confirm you have it.You have to currently own a primary residence.There is a prepayment penalty and they vary but the most common is 3% of whatever the balance is, will be calculated and added to the payoff if you payoff prior to 3 years."

Estimated tax payments are due April 15th, June 15th, September 15th and December 15th / January 15th.If you see that your tax burden increases every year, you may want to see if you qualify for the safe harbor estimated tax payment(110% of prior year tax) and then make the remaining balance due by April 15th with the extension.Best of luck!

You're already in the right spot, being on BiggerPockets.A duplex within 12 months is a very achievable goal if you stay organized, focus on financing options, and line up the right team (lenders, agents, and a CPA familiar with real estate so you don't miss out on tax-saving opportunities).

I am generally a proponent of purchasing investment real estate in an LLC, but its a balanced approach and FHA financed real estate is the exception where I always urge investors to review their eligibility.

ADUs in San Diego have achieved terrible valuation. 

The 2nd lien balance is now $24, 000 +/- and The 2nd lien Note holder wants to move on from this loan and not have to deal with them any longer.

Before each refi, pay down revolving balances and avoid opening new personal accounts.

Have someone stress test your goals and see if they are achievable the way you are "positioned".