A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I found what seemed to be a great property with a house for an STR and other space that I could expand for camping/RV sites and a barn that could be converted into a venue for events. 

Whether your plan is to generate rental income for part of the year or to create unforgettable memories during your personal stays, Mexico provides an attractive combination of high returns and diverse options to perfectly match your lifestyle and investment goals.Hope this information helps anyone in this group who is considering expanding their investment portfolio into international markets.To our success!

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

But, I think in practice, "reverse trolling" remains ill-defined and a blurred line will rapidly begin developing. 

It's not that Stu has tried and failed with this asset class, but he is pointing out that you have very preliminary understanding of investment principles and should look to expand your knowledge before being accountable for OPM. the fact that you're confusing mortgage payments with T&I impound is indicative.

Hey Somesh,It’s great to hear that you’re looking to expand into the Cleveland/Ohio market!

I have one property at the moment, but plan to expand my portfolio. 

You’re able to leverage your initial investment and use it for future properties, potentially expanding your portfolio quickly.Cash Flow: With each property, you can create a consistent cash flow stream that builds over time as rents increase and property values appreciate.Wealth Building: By consistently following the BRRRR process, you’re not just collecting rental income, but also building significant equity in each property.

Gentrification follows the formula of cheap rent+ east commute to downtown + open vacant space for restaurants and bars + proximity to another gentrified neighborhood that is getting to expensive so people expand their search to surrounding.