Having a list of trusted investors can help you navigate off-market deals more effectively.

Pair these steps with robust tax planning to manage profits and losses effectively while aligning your portfolio with long-term goals.This post does not create a CPA-Client relationship.

One other positive side effect of having leverage on the property is that it is less of a target for a potential lawsuit.At the end of the day it really comes down to your objectives and goals as well as your personal preferences and comfort level.

I am going to closing to sell my house next week and the buyers closing lawyer informed me their is a partial HUD mortgage on my home in the amount of $35,000 which is way more than I owed when I did my loan modification.

I tend to write off physical expenses to the building and do not write off expenses associated with personal effects.

.- You could also try selling to another naive investor, but you don't have the infrastructure to do so easily. 2) You'll need to evict the tenant if you haven't already.3) Have 2-3 agents tour the property and take videos of their recommendations of repairs.4) Review all of these to create consensus Scope Of Work (SOW). 5) Get 2-4 bids on the SOW6) Review bids to determine cost effectiveness of what to actually do.

It’s proven very effective and just makes good common sense.

We run our business with a lawyer drafted Operating Agreement.

Emergency Maintenance: Regular maintenance is on the owner, emergency repairs might be charged to tenants if they caused the problem.By proactively managing these expenses and clearly communicating responsibilities to tenants, property owners can maintain their properties effectively while minimizing unexpected costs.

I need to find and engage both a lawyer and LIHTC financial consultant in the couple weeks.Specific questions I need help with right now:1.