.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

It's a ticking time bomb. 

For a first time investor, I definitely recommend house hacking for most people as homeowner loans are by far the best in terms of rate and LTV. 

It certainly will help me to know what to provide for investors when the time comes. 

It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.OK, chasing 32unit apartments, acquisition priced between 3.2M - 4.8M.  

Great tenant that always pays on time - been there for 5 years Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The problem with taking on a second property that needs work when you already have one is when major things break in both at the same time.

We were tired of renting and didn't know what we were doing at the time.

He gives an example of 123 Main street (total profit/total invested capital)/time in years.

@Chris Lin,Thank you very much for spending time with me on the phone last night.