It might be worth finding a trusted tax professional who understands your needs and can help you avoid bigger problems in the future.

Hi everyone, I have been listening to Bigger Pockets for about a month now and have reached episode 40 and decided it was Rome to get networking.I'm interested in learning real estate so that I can make a Cashflow of $500/monthly after expenses and so that I can start to build wealth.Any guidance or resources you'd like to send my way would be greatly appreciated!

Having a SOLID umbrella insurance policy is really what is necessary.

Would the best way forward for me be first to finalize the neighborhood in which I invest and then reach out to local lenders in the area and also talk to the bigger banks there?

Hi Drago,I appreciate the advice and I’m going to take it all in, do you think for my first property going bigger is better?

Hello Keishla,Glad to see another local from Killeen looking to make connections on bigger pockets.

We do have an umbrella policy in place for all of our properties but want additional protection.

Consider it a small investment for a bigger payoff.

I know none of this answers your question of 506(b) syndicators that I have had a good experience with, but I hope it does point out that these exemptions are typically not what is holding people back.The bigger question, and likely the one you are really getting at, how do you find the true operators, and not just the savvy marketer?  

If you are buying it for yourself and then renting, the outskirts of Austin, maybe in San Marcos, near Texas State (bigger than UCLA), would be a great place to buy, leverage, and enjoy some nice appreciation down the road.