I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

Do not forget to prepare the balance sheet, track distributions etc.

I’m curious about how much time you all spend prepping for tax season before your CPA (or tax preparer) officially files your returns?

So I've been getting into real estate and found out about wholesaling and I'm 16, I've been studying and taking notes about the fundamentals and basics of wholesaling, I've decided to start saving up till I'm 18 for when I start wholesaling to be prepared.

If you’re not prepared to put in the work, even the best coach in the world won’t be able to help you.

I'm trying to prepare incase this is true.

I had enough food to get by.And I had to deal with a worldwide pandemic slowing down the economy when it came time to list my house.But life has a great way of balancing out the good and bad.

Let's say you spent a month on the initial preparation: cleaning, painting, shopping for furnishings, assembling IKEA furniture and so on.

The sooner you start these conversations, the better prepared you'll be when the right deal comes along.Local professionals can also be an invaluable resource.

Just because people gotta eat doesn't mean any place selling hot food will do well.