In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

@Jordan BrownWith $50,000 saved and no debt, you have a strong starting position for real estate investing.

My wife qualifies as a Real Estate Professional (REP) in 2024, but she did not qualify as a REP last year, and our rental losses were passive in prior years.

Mike - I'm new to real estate investing.

And you're right, those timelines are often misleading since the real delays come from back-and-forth revisions after submission.

I get these data through a partner that's a real estate agent so I know what you're talking about.

Quote from @Quinzel Waiters: Hello all I'm new to the Real estate space but I'm working on getting my first off market dealCurrently I'm looking at a heavily distressed property that's priced too high.

Have run across this issue several times when getting referrals from other real estate investors.

I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Otherwise, I’d save my cash for the next acquisition.I’d also be posting on every social media platform and telling everyone I knew that I was looking for more real estate deals.