If you’re just getting started in real estate, feel free to reach out – I’ve been coaching a new investor in the Houston market for a while and am happy to help you however I can.

DIY tax software like TurboTax may not handle nominee interest, depreciation, or LLC structuring correctly, so working with a real estate CPA experienced in sub-to deals is recommended.

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

It’s awesome to see your passion for real estate and your clear goals for building a portfolio.

They equate the period leading up to the time its ready to rent as the risky part of the real estate process and pay a premium to bypass that part but this leaves them with unreasonable expectations because the real estate they purchase is inherently risky.

If you had a couple million in equities and a need to diversify your holdings by adding real estate, maybe.

I like fitness and health and just like those two things, real estate investing is NOT a "one size fits all" solution.  

“Just get into real estate and start making six figures!”

The land deals have filtered down a ton too. 

Networking with local wholesalers and real estate agents who specialize in investment properties can also lead to off-market opportunities.