Set a goal of 60 days to educate yourself and dedicate 30-60 minutes per day actually doing it.

My recommendation would be to iron out what you're looking for as an investment goal.

It’s great to see you pushing forward toward multifamily properties, and I’d love to hear more about your goals in that space.By the way, I noticed you’re listed as a Specialist.

It is really going to depend on your cash position and long term goals.

Whether it’s reconfiguring layouts, adding square footage, or converting single-family homes into multi-unit rentals, the goal is to unlock value where others don’t see it.Distressed properties aren’t for everyone, but for those willing to put in the work, they offer some of the best returns in real estate. 

If I had to leave a takeaway from this post before getting too far in it would be that whatever goals are had you have, we have these goals for a reason and typically it does not go exactly as planned but even if it doesn't go as planned, we can pick up where we left off and give it a fresh start.

There are many other tax strategies you could be taking advantage of outside of the real estate world and a good financial planner will help you identify and maximize these benefits in the context of your overall goals.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

The goal is to complete renovation within 6 months in between guests and then refinance in the next 1-2yrs to pay off the seller in full!