I was recently advised to look into wholesaling real estate as either a way to supplement income or create an entirely new career for myself.

My best advise is that unless you’re in the BUSINESS of real estate, in other words if you’re just a part time investor, then skip the direct mail, email blasts, SEM, etc. and go to the people who have already obtained the lead - and negotiate a good deal.  

I advise clients not to solely rely on AirDNA data for performance analysis as there can be some variation based on amenities such as hot tubs, premium decor and design and general operational excellence. 

What would you advise for commission split with brokerage? 

It’s specifically noted that losses from multiple properties are not separated unless you’ve made specific grouping elections (which is uncommon unless you’re a real estate professional).If this sounds different from what your CPA is advising, it might be worth seeking a second opinion from a tax professional with more experience in real estate investing.

If my logic is faulty and I have to perform deprecation, could you please advise me the number of years that a fence has to be depreciated?

Hi I’m looking to start investing & would like some helpful tips/advise from any experienced investors.

If you need to ‘snap  increase”  then by a large margin… give your tenants extra notice and just advise them that due to significant increases in expenses we must make some pretty major increases to our rents , but I’m giving you ample notice to either prepare for this change or to plan to find a new living situation.  

The people advising to put properties into LLCs and not the loan, and add additionally insured to their policies have no idea what they're doing.The fact is everyone doing this in an attempt to limit their liability, is actually doing the opposite and greatly increasing their liability.

I found this odd, so I decided to call Cobb County and they advised that a basement can only be rented by one adult with some kind of square footage per person limitation, and I could not wall off the basement door.