I was able to replenish emergency fund money I had to dip into for furnishing, was able to pay off a hot tub, was able to replace 2 garage doors and paid for a larger repair this year.

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

For now, we recommend using the 3rd parties listed in the below post.The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2023: report them to the almighty IRS and make them pay taxes on the money they received from you.

They will get in touch with the property manager, let them know a complaint is filed, and typically give them an opportunity to make things right before opening an investigation.Have your friend look for a new PM immediately.Start by going to www.narpm.org to search their directory of managers.

Cities like Memphis and Columbus often have more affordable properties and good cash flow opportunities, making them popular choices for investors.

Please feel free to reach out if you have any tips or want to chat about opportunities—I’m all about learning and growing alongside fellow investors!

Change some of the variables, it will give you an intuitive feel for where you need to focus next given the opportunities at hand.Finally, the ultimate combination is having a business AND invest in real estate.

For example, population growth in certain neighborhoods and increased investor activity have created opportunities for both long-term rentals and value-add deals.If you’re torn between wholesaling and holding long-term rentals, I’d suggest thinking about your long-term goals.

When I'm looking at potential opportunity, price isn't that big of a factor.

You'll probably need a co-borrower and someone to gift the down payment.There's a Conventional loan (FNMA family opportunity loan) that allows your parents to purchase a home for you (and potentially roommates) to rent while you're still in college.