You'll also want to make sure you have your full team ready so you can be prepared when the right deal comes along. 

It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

If you’re not prepared to put in the work, even the best coach in the world won’t be able to help you.

So I've been getting into real estate and found out about wholesaling and I'm 16, I've been studying and taking notes about the fundamentals and basics of wholesaling, I've decided to start saving up till I'm 18 for when I start wholesaling to be prepared.

Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.

First year has been tons of learning and despite all the research and preparation I did, I still did mistakes and learned things the hard way.

They can also give you a better idea of how much you should be prepared to pay so you can cruise through your closing with confidence.And as you plan ahead for closing day, be sure to budget for your real estate agent’s professional service fee too, in case the seller doesn’t cover it.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

Be prepared for Vegas’ unpredictable winter weather!