There are exceptions to this rule, but there are an abundance of examples that had investors not been prepared to perform might still be shopping..- Voice of reason: The 'best' real estate professionals are apparently the most honest.

Quote from @Hunter Smith: You don't need 20% down if you intend to own the property.Developing sounds like a bad idea for a beginner.

We have about 20 meetings a month on a variety of topics from beginners to multi-family to flipping.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Welcome to the community.I am a real estate CPA who works with investors and real estate beginners like yourself.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If you have a more extensive full gut rehab you need drawings depicting the work to be performed and material specifications.

Quote from @Michael Lynch: People rarely talk about the amount of effort involved in operating a STR.Never sell a property unless you have a clear plan to reinvest the money into something that will perform better or move you closer to your goals.