You can learn to do this independently or get a rockstar REALTOR to lead the way.

Just keep in mind that contractors may hesitate to attend multiple pre-inspections, especially if they lead to no work.

Our property management company is 4 years old and nearly every lead we get is from referrals.

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

You may be better off trying to connect with some agents or other investors/wholesalers in your area and try and get off-market leads sent to you.

Like many of you, I started by reading Rich Dad Poor Dad, and from there, I dove into Brandon Turner’s book on real estate investing.I’m incredibly excited to embark on this new adventure and can’t wait to see where it leads.

That might cause you unnecessary stress and lead to dropped balls for your clients. 

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

Maybe start with a part-time ops manager or a reliable lead cleaner to free up your time while keeping quality high.