My goal is to leverage my wholesaling experience to learn the ins and outs of the industry, and eventually scale up into more complex investment strategies.

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

Hi there,Given the complexity of your situation—owning a rental property in Florida while residing in Illinois, house hacking with your daughter, and planning to claim tax breaks—it might be a good idea to consult with a Certified Public Accountant (CPA) or an Enrolled Agent (EA) who specializes in real estate taxation.While your current tax professional at HR Block has experience with multiple properties, a specialist can offer more in-depth knowledge on multi-state tax issues, rental income reporting, depreciation, and maximizing deductions specific to real estate investments.

Purchase price: $1,700,000 In Search of partners or buyers to build this 8 unit complex near Trine University.

If you see yourself owning 2-3 apartment complexes, I would start with at least 4 units, maybe even 8-16.

With condos, sales in the same complex would be most similar. 

Hi there,It sounds like you're looking for some advice on how to navigate a complex situation with your brother and your wife.First, let's address the joint account and mortgage issues.

Wholesaling while licensed can be more complex, but people do it (and do it well).

The complexities here are twofold: You need to review your existing agreements with an attorney to determine if they contain illegal provisions under Section 704.44., and sign new compliant agreements with your tenants.

I’ve heard good things about some of the newer online options, but make sure they can handle the complexity of a growing real estate business.I had a friend in Scottsdale who ran into an issue with her lenders when she tried to close on her second property.