He was telling me that they had just raised capital for a new group that was going to fund flippers and if we would consider working with them.

At Baselane, we're going to build the custom chart of accounts and Balance sheet.Just for my own understanding, I'd like some clarification on your statements.1.

Quote from @Sunil Ghosal: Quote from @Madhu Kongara: Hi Everyone,We are in the process of purchasing 1 acre of land for $300K in the area and are considering building a cabin.

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

how are those bedrooms with no closest in them considered bedrooms.. ???

.#8 I would consider your inspection cost a very cheap crash course in buying long distance investment properties. 

Both of your invest strategies above I don’t consider as RE investment.  

Considering purchasing a triplex in California.

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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

So if those three units are 75% of the square footage then 75% of the closing costs and mortgage interest and taxes would be considered business expenses.