I'm very new to MTR and investing in general, but I'd like to know if even close to being on the right track!

Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

Hey, congrats on finding a potential flip—it sounds like you’re on the right track!

Please continue to keep us in the loop on progress updates from the city & builder so we can track with you. 

Again, others might disagree.a) Track Record: Get the entire track record for the strategy.

I think that is what Oregon is trying to track down on - Sketchy people dodging disclosure.  

It should be pretty accurate - high level data sites are not always going to be perfect, but should always be directionally correct and AirDNA has a pretty strong track record. 

Keep building, you’re on the right track!

Taylor, You are on the right track by asking questions now and starting to learn as much as you can.

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.