.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

They can’t review the “hot” deal their broker just sent them because they’re too busy categorizing emails in color coded category’; they can’t attend the on line networking session because they need to switch over to a more detailed CRM system; they can’t visit the property going up for auction because their scheduled weekly garage cleaning is running overtime…..The Educator – This person never feels they have enough knowledge, experience or education to properly evaluate an investment.

💬 Engage with Each Other:Comment below with your favorite single-family success story.Share any challenges you've faced and how you overcame them.Tag a friend or colleague who might benefit from this discussion.Let's create a valuable resource for everyone interested in single-family investments!

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

Your post was engaging and I would like to engage further as you have made good points.First, what is WAG and what is the 50% rule?

Have engaged with two different agents on property24 on what could be very promising deals (according to the numbers) but the agents are just not as responsive.

Gonna try my hardest not engage in a pointless political debate, but there goes, we actually have a real growing problem in our country in the fact that our birth rate is below replacement level, we also have a massive shortage of skilled and even unskilled labor which anyone in construction can attest to, now I’m not sure the current system of just chaos at the border is great, and I’d much perfer more legal immigration but one way or another we need more tax payers and more labor and we need to find a way to set up a system that encourages legal immigration and brings more skilled labor especially for trades and shores up social security and Medicare with a new tax base.

We engage in variety of strategies/tactics, including wholesaling, flipping and rentals (long/short-term) for acquisition of  single and multi-family properties, and small apartment units (5 -50 doors). 

We face a dilemma as we embark on this venture with a clear business perspective, committed to implementing best practices in property management from the start, including engaging professional property managers.