Personally that is what I wanted, an active mentor. 

Personal money How did you add value to the deal?

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

None of this has anything to do with your personal tax return.

Here’s what keeps successful house buyers winning (even when deals fall apart):**They don’t get emotionally attached to a deal- A lost deal is not a personal failure.

The person I would seek advice from is a CPA about this. 

While I don't personally cover the Scranton area, my team and I work extensively with investors in the Philly suburbs, and I’m always up for a great real estate conversation.

Hi everyone! I'm Igor - a revenue management expert with over 10 years of experience in the hospitality industry. I started my career working for Marriott in New York and Toronto, specializing in dynamic pricing and...

Ultimately it would boil down to your personal risk tolerance.

I inherited a partnership in a 22 unit commercial building with 8 restaurants, a grocery store, a couple of personal care services, and various other businesses.