On Real Estate Rookie Youtube we just released a new Rookie Reply episode that has a question pertaining to First Time Home buyer's.

I like the app, but wish I could upload a CSV rather than manually enter time for each day.

Good things take time. 

For a first time investor, I definitely recommend house hacking for most people as homeowner loans are by far the best in terms of rate and LTV. 

If you are financing yourself or using a loan- it is crucial that you complete the project in a timely manner.

For example, if you don't specify if a certain item is reoccurring or 1 time, you can't collect it.

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

@Jason Dubon I take the cost of all appliances and divide it by 5 (avg lifetime of appliances these days) to estimate annual cost of appliance replacements.