Retirement planning is a journey filled with valuable lessons, and as a real estate investor, I’ve learned some crucial insights that I wish I had grasped earlier.

Offer Value Beyond PriceIn competitive or slow markets, creating value for the seller can tip the deal in your favor: Quick Closings: If you can close faster than competitors, this might persuade the seller to accept a slightly lower offer.

For example, if your rental generates $25,000 in income and you have $10,000 in depreciation, it can reduce your taxable rental income to $15,000.Happy to discuss this further.

I did not further the misinformation and when I was asked for a business card I informed the tenant I don't have one.

I studied and aced my real estate exam, got on with an awesome brokerage here in Lincoln NE. and holy smokes, that is just the tip of the iceberg.

Remember, it's about careful planning, attention to detail, and making informed decisions.Feel free to reach out if you have more specific questions or need further guidance Good luck with your real estate ventures.

Any tips, tricks, or best practices you wish you knew when starting out?

I am sadly much further up North in Chicago, where we have a ton of local meetups (if you are ever up here, please reach out!)

Please share any good tips which I should be mindful about. 

I am looking for alternatives.Thank you for the tip about gooting the utilities.