I started out with little to nothing when I was in the Army and building up properties slowly. 

Is it possible to start to realize the loss on 2024 taxes?

If you're just starting out doing a deal or two together, the partnership agreement doesn't have to be that fancy.

We're starting to see more HELOCs and 2nd mortgages on investment properties nowadays.We deal with pretty much only real estate, investors and self-employed borrowers.send me a direct message and I'll get you a little bit more information.

Thanks For the Advice @lydia &  @Ray Hage, thatsh helpful. ive Just started the online training and about 3hrs into the 75 hrs so Wish me luck!

I am also a local Realtor for an amazing investor focused realty team that helps our investors from start to finish and beyond with their investment properties.

@Timothy Villa Congrats on starting your journey in wholesaling real estate!

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

When they started screwing with us last week about appraisals and then having to give them an ‘after reno’ price for the house when they had no idea what we were doing the house to increase its value, I did mention to the partners I thought we’d been scammed.

How long are you usually spending on prep before you hand it all off to your CPA?