It is a good place to connect with real estate professionals and to learn about real estate.

I'm not showing that one until it is finished with professional pictures.

Or, perhaps they own the property free-and clear, but want a fast sale and don't need all their funds at closing.Loan professionals are mostly in business to collect fees (interest, points, application fees, etc.), whether you make money on your deal or not; sellers like those above just want their problems fixed.

Solo K give you ability to contribute significantly higher amount (up to $59K/yr per participant), eliminates the custodian and give you checkbook control, gives you the ability to access up to $50K in your account tax-free and penalties-free via participant loan feature should you have a need, not subject to UDFI tax on leveraged real estate, ability to contribute pre-tax or post-tax into Roth sub-account, and more.The decision to incorporate should be discussed with a qualified tax professional.

And I say ASAP because an appropriate rental for me to move into just became available.Here are my assumptions: The condo will be fairly easy to rent The rental income will only cover 75% of my monthly expenses on the condo (mortgage, taxes, HOA fees) but I'm stuck paying those regardless.The rent payment for my new place, and the rent I collect, will be the same on a monthly basis (break-even)Repair/maintenance costs will be the same whether I live in the condo or rent it out (break-even)I will incur new costs for professional management and potential vacancyThe condo is in a good location and I won’t be underwater in five yearsMy front-end DTI is 28% and I have excellent credit with no other debtHere are my questions:From what I’ve read, there is some variation in what lenders require to use rental income to qualify for the next mortgage.  

Get the depreciation, become a real estate professional and then you could see some tax savings on flips.

It is a good place to connect with real estate professionals and to learn about real estate.

They range from very sophisticated professional real estate investors that own many properties all the way down to people that have local friends that help them locate properties.In some areas of Collin County, you might have 4% of homes in a neighborhood owned by Chinese investors.

Take advantage of long term investment benefits - stomach the dips/rises & retire by 60, have a maid do my laundry/clean my house/cook my food, live in an area with nice weather, workout every day, ride motorcycles, drive sports cars, do track days, visit Vegas whenever I want.I plan to do this with income properties - buy a duplex, 3-4 unit, and into the bigger (15-20 unit) closer to retirement.Long Beach investors - hit me up!

Hey welcome Jack to BPMuch success on your Professional and Real Estate Careers.