New to real estate investing, looking for tax help

[Allie Bloyd]

Hi Everyone,

I am just starting in real estate investing and am working on my first deal. I have always had very simple taxes, but now I realize they are going to get more complicated. I am working under an LLC. I am trying to identify tax strategies to help me keep more of my money and continue to grow my business. I know there is a lot of information on the topic but any suggestions would be helpful, as well as great books to look into or forum posts to check out. With my first flip, It is going to bump me up into a new tax bracket, so I didn't know if putting aside 30% of my flip profits would be sufficient or if I should put away more? Thanks in advance for your help!

Allie