Always underwrite conservatively Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Readers should seek professional advice.

See my video on this for more info.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Even when talking with some real estate professionals who would seem to have an incentive to help me with renting out my property, I have been met with serious warnings (they pretty much say don't do it).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

I have other HELOCs that were much easier to get both personally and professionally.

Choosing a solution like that means missing out on significant opportunities to free up your time for what you do best while also foregoing the expertise of a tax professional who could provide substantial benefits—potentially saving you thousands of dollars.

What Is BPCONBPCON [The BiggerPockets Conference] is the premier annual gathering for real estate investors, bringing together industry leaders, seasoned professionals, and newcomers to learn, network, and grow.