Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
31 January 2025 | 11 replies
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 specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
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.
Hedman Maximus
Trying to figure out my next strategy!!
19 January 2025 | 6 replies
@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?
Kiran Asknani
New to STR market in Massachusetts
28 January 2025 | 14 replies
But luckily MA/NE is so small you can invest in a different state and still be driving distance.
Joe S.
Is promoting buying rentals due to a conflict of interest?
2 February 2025 | 23 replies
.: Quote from @Basit Siddiqi: I think it lies in that a lot of service providers in the real estate space are incentivized(money wise) to promote thier business.Real Estate agents are a small business, the more clients they have, the more money they make.Property managers are a small business, the more clients they have, the more money they make.Lenders, correct me if im wrong, are tied to some sort of bonus structure, the more loans they generate, the more money they make.More promotion leads to more awareness which leads to more money With all do respect I think REA's are commissioned sales people.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
You can open a Self-Directed IRA and use the IRA funds to buy a house using a Non-recourse loan.
Malcolm Brown
Newbie to Real Estate Investing - Any Tips...
29 January 2025 | 24 replies
Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.
Stephen Patton
Newbie & Confused
24 January 2025 | 6 replies
Consider starting small by house hacking a single-family home, renting out rooms, or adding an ADU if possible.
Ivan Castanon
I need to change strategies. What should I do?
1 February 2025 | 45 replies
Another option is house hacking—buying a small multi-unit, living in one, and renting the rest to cut costs.
Dillon Clark
Looking to hear someone’s local experience in starting out.
24 January 2025 | 3 replies
Many successful investors started small, such as with house hacking or buying affordable properties to rent out.