Any challenges or unexpected hurdles you've encountered?

This includes budgeting for initial investments, calculating potential returns, and having a contingency plan for unexpected expenses.Real Estate is a vast industry, and with dedication, continuous learning, and ample networking, success is within reach.

For Flips:at least 50% of liquid cash for unexpected expenses or cost overruns of the property’s rehab budget additional to downpayment financing, closing costs and improvement funds.Too often you hear investors blaming the realtor for their poor decisions.

YES, you will miss something and have unexpected expenses, OR you will have a bad tenant experience with damages you are not able to recover from them.

Figuring out the funding component is fairly straightforward from there. 

Challenges like unexpected renovation costs and tenant turnover can arise but with proper preparation and management, you can achieve great returns.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.

If you go with a self-directed Solo 401k plan, you can supercharge its Roth component by investing in illiquid assets such as trust deeds and converting them to Roth at a deep discount.

They are also simpler over the life of the unit to maintain because there are just three main components instead of four(+) with HVAC.