The key takeaway here is to reach out to your tax professional early in the year and provide them with all the necessary tax information to ensure timely and accurate filing.To answer your question, unless you have the proper knowledge or training to handle your taxes, especially since you have a rental property, it would be advisable to seek out another tax professional instead of filing your taxes yourself.

I'm seeking advice on how to achieve this goal and would appreciate any guidance on strategies I can implement to make this happen.Thank you in advance for your insights!

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

Hi Bigger pockets community,I’m seeking some advice on a frustrating situation we're dealing with.

We are seeking guidance on a few key things about the market. 1) We've done a lot of research on the area and have been scouring MLS having trouble finding opportunities that will cash flow (the golden question, we know).

If you can capitalize on those early returns and recycle into another property with similar early trajectory, you will end with much more money over the same period of time.Of course, being able to harvest those gains and recycle in a tax deferred manner helps even more, so you may want to seek out syndicators that are able to offer 1031 exchanges on exit, which is definitely possible.

You could be below market to the "average" unit in the zip code but if you're in the glide path of the airport with jets are taking off every 5 minutes, the Taco Bell parking lot lights shine right in the windows, freeway exit is two houses away, a busy fire station is nearby with sirens all night long, etc then the price may still be too high.Are there any safety issues that could be helped with lights, cameras, etc?

A prudent investor doesn't seek quick riches through shortcuts.

Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.

Readers are advised to seek professional advice.