If someone new got into the industry as a part time agent,  what would you focus on?

hey @Noyessie Hubert Im an insurance agent and I specialize in the home buying industry-- we work with multiple carriers! 

There’s an entire “industry” consisting of gurus, attorneys and title companies that provide services and advice for transacting real estate without paying off the existing lien(s).  

His entire platform to politics, becoming a Mayor, than Senator, was in representing DEAD towns, dead and near dead markets who lost there industry basis and have been eviscerated and NOT come back. 

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

I’ve been learning about the industry / different regional markets for the past few years and am eager to execute my first deal in the near term and continue growing through this community.My primary goal is to purchase a property I can live in while generating rental income (e.g., a single-family home with a tiny house, a duplex, or a single-family property where I can install a tiny house).

It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

I don't run a real estate brokerage and I'm not an agent so I don't know enough to comment about that industry and who should be fired, etc. 

We are new to the real estate industry but we are building a family owned business to earn an honest living while being able to provide and instill good ethics and morals into our children.