How to grow as an investor ?

How to grow as an investor ?

Member since 2019 · 16 posts · 2 votes

I’m going to tell y’all a little about what I’ve been doing and I’m looking for answers on how I can grow and what people I should talk to that could help me grow. I purchased two properties that have over 100k in equity and I want to buy another house but I don’t want to make the next moves because I feel like I’m doing something wrong. I don’t have a Cpa that can help me understand what I can write off on taxes and I’ve talked to a few cpa and they don’t seem to care much what I’m doing so I’m I’ve been doing the best that I can solo. The house I own is rented out and has had some problems but I’ve taken care of issues from my own pockets. I think I do a really good job saving money and using that money for repairs but I know investors write things off on repairs but how much can you write off and if your plan is to write off repairs do y’all use a business credit card to hold the debt and then have the write offs pay the credit card back? I’m not afraid to make risk but I want to understand how investors operate. I know I could use a mentor but I don’t know any and I work a w2 which makes it difficult to meet people. I hope I made any since in this and I’m not going to give this up I’m determined to be like you investors out their.

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  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    4y

    @Yuhei Kato this might be a question that fits a little better into the tax forum honestly.  I think more people will respond over there than here (this one is more for questions on how to rehab and refinance type of thing).  You can read this post I wrote on taxes HERE but try posting in that same forum.  Hope that helps some.  Thanks!

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