A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.

With the internet, there aren't really do overs -- most websites have other websites that grab (legally or illegally) information . . . it is pretty impossible to make anything disappear once you put it online.

We had to save up the 5% to get our first place with an 80/15 first and second mortgage.  

Only 10% of people will finish a course they buy online, so #BeDifferent and finish -> you'll be in the top 10%.I almost didn't finish my Jim Qwik speeding reading course, but I returned and got it done...

Do you hire the cheapest attorney because you are trying to save the most to hope that that attorney pulls through?

So essentially you’re saving on capital gains, but getting lower returns for that capability.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

I find that automation often adds more complexity and time to a given situation rather than helping you save time.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.