You can easily tag each transaction using categories that synch to your Schedule E for tax time.

I’m planning a trip to Birmingham in the next week or so to meet with agents, build my network, and hopefully find my first deal.If anyone has experience investing in Birmingham or has recommendations for agents, contractors, or lenders, I’d love to connect!

It's a local investor meetup that meets on the first Tuesday of every month.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Saw an ad on Craig's List, I negotiated the deal personally on the first meeting.

I enjoyed meeting you and was truly impressed by your dedication to learning about real estate investment and development in depth.Congratulations to the four students who have already completed the course and received their certificates at the event! 

I’m hoping she’ll be able to help me with this, but I don’t meet with her for a couple of weeks, so I’m trying to work through a few things in the meantime! 

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

It as definitely a way to limit showing and determine if people meet those minimum requirements prior to a show.

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.