A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

The other option I potentially see is to partner with someone that has cash and/or better debt/income ratios and partner on the next purchase.

The first speaker talked about real estate; he started with a long introduction about how he become rich from a college student with debt by investing in real estate-- the theme of the story: education makes you broke, and you have to get a financial education.

I’m ready to start investing in my personal life to achieve that financial freedom! 

It allows landlords to offer tenants a financial perk that can improve their credit health.

My goal of course, is financial independence as soon as possible. 

Every investor  has a different risk tolerance, comes from a different financial situation and has different financial goals.

Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency,  trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.

My lender/financier.

I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.