Having a pile of cash is never a bad thing, but the reality is the reason we want to start investing in real estate in the first place is to strengthen our financial position.

My goal is to create financial security for retirement.

I’ve heard from many (non-experts) that I’d need to stay for at least 5-7 years to avoid taking a significant financial hit, but that feels like a waking nightmare given how much this issue affects me.Financially, renting it out isn’t an easy solution either.

While the program covers part of the rent, tenants must still pay their share, so verifying eviction history, and financial responsibility is crucial.Since judgments and liens no longer appear on credit reports, use a screening service that pulls these separately to catch hidden red flags.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

He decided to switch to a finance degree with the goal of financial advising and real estate investing. 

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

From a financial perspective, the numbers look attractive—many of these properties show a Cap Rate of 6%–8% or more, which is quite decent.For example, if a Dollar Store property is listed at $1.2 million with an average Net Operating Income (NOI) of $90,000 per year, financing 50% with a 6.5% APR, loan would still result in positive cash flow from day one.

Financially I'm very tight with separation of personal and LLC finances.