All Forum Posts by: Aaron Morse

My team has created a free chrome browser extension that does rapid deal analysis. 

Chrome Web Store

I have numerous lofty goals and a robust work ethic; I love strategy, finance, and real estate, yet I'm stuck in analysis paralysis.

Here's a bit about me.

I grew up in Alaska. I went to college in Arizona for a major in Robotics Engineering and a minor in Real Estate. Junior year, I decided to drop out after I had taught myself software development. I immediately jumped into work and started saving and investing 80-90% of my income. After three years of saving every penny I could, I made a mistake in the market and took a massive loss. That hit me hard and has been difficult to shake.

About three months ago, I left all other work and began devoting 100% of my time and energy to the real estate investing space. Since then, I have created a few programs for real estate investors. A real estate investing simulator and a browser extension that analyzes properties on Zillow. I love writing code, but at some level, I know it's a distraction from making my first deal, which is essential to breaking down the barriers and achieving my goals.

I'm searching for an individual or group to help guide me through purchasing my first property.

@Matt Devincenzo Thanks for the reply. 

Let's say, I have real estate business that does two core things. 

1. Sells software products to real estate investors

2. Purchases long term rental properties

Can I take the "profits" generated from software sales and use it for a downpayment on one or more properties without needing to pay taxes on the money earned? My objective is to delay paying taxes and have the business operate close to break even.

Here's a scenario:

The software piece of business generates 100k in "profits" after all development, hosting, etc.. costs are paid. Then that 100k is used for a 20% downpayment on a 4-plex. All of this would happen within the same year. As a result the company would have $0 cash on hand and would have "spent" the money on the property down payment. 

Would the company be taxes for a 100k profit or would it be considered an expense? 

I am software developer by training and big fan of real estate investing. One of my goals is to merge both of those together and I would love to build something that the BiggerPockets Community needs.

Would a management platform to help with payment collection, contracts, tenants, service requests, etc... be helpful or useful? And is there something that is already being widely used? 

I would love any and all feedback. If you have any ideas that would help you in your real estate investments let me know. I would love to start building and testing an app with some BiggerPockets users in a few weeks.