It’s great that you’re taking the first step—that’s the most important part of the journey!

@henry Clark has posted on BP exact detailed steps to create a self storage facility.  

Start with the basics, don’t be afraid to ask questions, and take it one step at a time.

I know, easier said that done, but dreaming it is the first step, right? 

It’s great to see you starting so young, kudos for taking the first step.

But given you experience with getting anything from this group, I would not hold my breath that you will even see a response, even if financial statements are required to be provided.So, then you next step is a lawsuit to force reporting.  

Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.

The can help with every step of the way.

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

I am looking forward to connecting with everybody and taking another step toward my aspiration-to be a real estate investor.Thanks for having me!