My fiancé and I just bought our primary residence a few months ago.

I have a bit of a soft spot for the area as a UF grad, and I still come back to the area every year or two. 

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 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?

Andy

Dave Van Horn is a collegue of mine and I am glad that he was able to point you in a direction that helped you feel better about your retirement planning. 

With this property I racked up some credit card debt, around 20k and I need another 20k to pay contractors/supplies.

Drop your thoughts for @Khemraj Sarju Jr. and I below!

It is rather confusing, and I would have your attorneys go through it as well if you decide to proceed.Gino

That will increase your material costs for the job and is the contractor paying for the material in their bid or are you paying for it and paying them a labor cost.

I am from Phoenix but lots of family from the Seattle and surrounding areas.My wife and I have been doing live in flips since 2019.