Start niching down now, master your chosen property type, and don’t pivot until you’ve got it dialed in.3.

Started using Xero last year, as better bookkeeping was needed a new acquisition with a partner. 

Hey everyone, I’m new to real estate wholesaling and looking to get started in Atlanta.

You start with $30k income (or whatever your number is) before depreciation.A.

Starting to regret our good will to help them because it's a hassle to get it rerented and they are getting on our nervesWe did put it in writing in an email that they owe us for the entire term but that we would work to get another tenant.  

I pay about $2500 a year for each of my partnership returns with my CPA regardless of whether it’s a $1M deal or a $5M deal.I would save the partnership conversation for if and when you are doing much bigger deals.

What started off as primarily a second home with the possibility of short term leasing quickly flipped to a STR first and a second home when not rented because demand is so strong right now for STR's in this area. 

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

I was working with about $300k between savings, a HELOC, and 401k loans.