Renovated basement recently to prepare to rent out.

Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.

Do not forget to prepare the balance sheet, track distributions etc.

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.

I’m curious about how much time you all spend prepping for tax season before your CPA (or tax preparer) officially files your returns?

I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

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

Let's say you spent a month on the initial preparation: cleaning, painting, shopping for furnishings, assembling IKEA furniture and so on.

I'm trying to prepare incase this is true.

The sooner you start these conversations, the better prepared you'll be when the right deal comes along.Local professionals can also be an invaluable resource.