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Appreciate the honesty that your job is making the majority of your money, but doesn't that mean that to get to your level of success, we would need to make more from our jobs to leverage off of? I assume most of your viewers aren't making 200k a year from their jobs

Thanks for sharing. You say compounded over time, but it all happened within 4 years of graduating ? Could you break down how much you were investing and returns on assets per year? Did you 5x a 100k investment ?

I don't see how you're wiping 250k of student debt in such a short time 4 years given you're only bringing home 5-8k a month at a 60-80% savings ratio before expenses, tax, you also invested and maxed your IRA and have 100k in it? The math doesn't make sense unless you received external funding. Also this 250k would also be incurring interest? Math aint mathing

I can see this guys making it big on TH-cam. Is 10% down on a home worth the PMI? Or was there a way to not pay PMI with 10% down?

Thanks for sharing!

😊let me know if you ever buy real estate in Kansas, it's rough out here. Air capitol of the world and can't find descent housing....☹

Thank you for breaking it down for us!

Once your wife claims REPS and you file jointly, will you file as exempt or do you have to wait for the second year for that?

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You will live like a king with that 50mil

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Good morning ☀️

Id be obsessed too if the rate was 6+

Why do you still work a W2 job? If you freed up that extra 40+ hours a week to instead scale your real estate, wouldn't you be making more money for your time? Not to mention you're paying half your salary in taxes (IIRC you're making like 400k/ yr or something?) Also the W2 job gives you less freedom with your time because you have an inflexible work schedule.

Can you please explain how to obtain Real Estate professional status?

Great job! I can't believe how we have been brainwashed to use CPA's , attorneys, and realtors to do thigs we are perfectly capable of learning. 👍and doing ourselves. I fixed a friends ice maker from videos off U-Tube

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Ya!!!! Steven and your shorts!!!! Your appearing my newsfeed rec!!!!

Do it. You won't regret it.

Paid off my owner occupied a few years back and I don't regret a thing! Still very happy with the decision. SWAN!

Great video bro. Just to confirm from this video, did you already pay off the primary home mortgage or are you currently just thinking about it? (We are in similar boats.)

Love these Dr.Steve!! Happy holidays!

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We are worried that the mortgage rate will never decrease to 5% no more

How do you see rent growth in Huntsville when the largest employers are defense contractor? Other than that will be the local government jobs. HudsonAlpha is non-profit research facility. Space X most likely with take majority share from the space sector; Boeing and Blue Origin. th-cam.com/video/GgCs8PdWDSY/w-d-xo.htmlsi=0a9hxZoc89I19v5c. This is an example how much a military person salaries.

Have you thought investing in Atlanta housing single fam?

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How do you do all these tax strategies without using a CPA?

Thanks for this video Steven To clarify, you said you are currently carrying over 300 or 400k in passive losses from your previous renovations- and waiting until you classify as a RE professional status to "Activate" these previous passive losses ? So you haven't taken advantage of the renovations' passive losses yet - correct ? Essentially saying if you plan to qualify as RE professional status, no reason to accelerate Depreciation until then? At the point you'll be able to write off 300 or 400k off your active income that year and get a nice check back from the IRS. Then going forward, use Cost Seg analysis to offset active income for each unit you purchase.

If you refinance your investment property does your depreciation reset as well?

Do you think putting up visuals would be a good idea? You're great at explaining, but I'm a visual learner. it'll help to track what is going on.

Thank you for your valuable insights. I find it interesting that people obsess over 'passive income' but in reality, it can lead to boredom and a lack of purpose. It is the chase of something, the journey, that is fulfilling. Obtaining it is far less rewarding.

how do you have an unfair advantage in OKC or Huntsville?

are you open to having out of state partners, or you are solo in OKC/Huntsville?

you're in real estate. there's always going to be stress

Thank you for sharing your networth allocation.

😊GREAT JOB

Thanks for answering my question! I only invest 1% of my net worth into crypto. I see it similar to buying insurance. If it does become embraced as a true store of value or currency I want to make sure I have some of that exposure. I agree with putting most of your investment capital into your areas of strength.

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Ya Steven!!! First TH-cam short I’ve found of yours!!! Keep going!!

HI Steven, great video! I'm curious who your property manager is in Huntsville?

Smart man!!

🤠great video. I have studied stocks since 1993. It pays to know how a 401K works and be on top of your investments. If you move to Oklahoma and want to go fishing, let me know. 🎣

Great video Steven. How many properties did you have until you set up the LLC? We have 3 but haven't set it up yet.

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I would be super interested in hearing what went wrong with the mobile home park.

Thank you for answering my question! I am about to finish pharmacy school but I hope to open my own construction firm so this helped me figure things out.

Great video!

how much do you like to put down on a property? Do you go for the conventional 20% down?

Thank you. Very informative