Knows real estate tax write-offs and how I can best apply them!

Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

Because of the nature of a tax lien, it would be difficult to obtain financing from a commercial lender secured by the tax lien itself.  

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

Together, we can harness the power of technology and creativity to make significant strides in our personal and professional lives.

Based off of the podcasts I am listening to and other property management professionals that I network with, that has been the experience of portfolios across the states. 

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

In addition to that, platforms like HomeAdvisor or Angi are great for finding vetted professionals, and local builders associations or the Greater Beaumont Chamber of Commerce may have directories or recommendations. 

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.