All Forum Posts by: Jen Buchanan

Hello All,

I started (in Oct.) with real estate investing and I haven't done any deals yet and I haven't registered a business entity, I've been getting doing training, have start up business costs, gone to seminars and spent money on real estate investing related items. My question is, can I still deduct my expenses on my tax return even though I don't legally and technically have a business registered?

Thanks

Jen

Looking for experience/comments.

I'm starting to invest with a partner part time while we both keep our full time jobs. Both of us want to eventually quit and do this full time. I'm wondering how other people have structured their money at the very beginning. My most important "why/goal" for the short term is paying off my huge student loan, my long term goals are for retirement. My question is at what point does it make sense to keep/split part of your profits vs. putting everything you make back into investing?? I've heard people say that they didn't take profits or draw a salary for a very long time.

Also with a partner, one of us thought it best to equally put money into an account to pay for start up costs: company filing, marketing, memberships etc. but the other thinks it's best to each pay for different items until we make that first deal, then open an account. I'm sure both way could work, is one better than the other?

Just wondering what others have experienced.

Thanks!!

Hi Everyone!

I'm a new REI in Austin, TX ready to get started.

I'd love to hear what you've experienced in this market.

Jennifer