The end of the year statement the bookkeeper prepared for my taxes this year cut my accountant’s time in half compared to what I had been providing him.

Here are a few below.Estate Planning: This is a great estate planning tool to utilize when preparing an investors real estate asset to be passed down to their heirs.

I’m preparing for the upcoming Montgomery upset sale for first time.

Basically, if your deal is a deal - it's going to sell at a good % You will not need additional, expensive dispo tools or Joint Ventures.

While BRRR offers great potential, it’s important to be prepared for the responsibilities that come with it.

Be financially prepared by having an emergency fund and budgeting for repairs.Good luck!

There may also be costs associated with setting up the accounting for the shells, and preparing inital shell formation meeting minutes, etc...You will also need separate bank accounts, and a war chest of money to defend them if/when needed.Ask your asset protection attorney vs salesperson for a quote on the cost to defend, and how much it will cost to move title to the shells.Find out if moving the title creates a taxable event for you with the IRS re.

How those people should be prepared to report loss on tax return?

For this first venture it is as simple as the person if financing the 20%.I have found some foundations on here for structuring this opportunity, and other platforms.

I am in hopes he will join me in this venture.