Preparing to list rental after completing lengthy rehab. 

The more you know, the more prepared you’ll be.2.Find Your Strategy: Real estate offers multiple paths—flipping homes, building rental portfolios, commercial investing, etc.

I recommend he look for a property manager who can figure this out and stop the bleeding, then maybe take over management in a year or two when he's better prepared.

Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.

Navigating regulations and managing properties can be complex, but with the right preparation, you can find success in this dynamic landscape.Also, Colorado is such a beautiful state that it would be a shame for you to move out of it!

So yes, to answer your question, I’m well prepared for whatever I get myself involved in.

Just be prepared for winter if you are moving from a warm climate.

Natural to be nervous, but you need to embrace that.If location is truly great, learn to optimize the cash flow or be prepared to weather a minor cash flow storm.

As I prepare to attend BPCON2024 on Sunday, I wanted to give a primer for fellow introverts who get buried at conferences.It starts with @Alyssa Holbrook. 

Chicago Attendees, As we prepare for Cancun next week, I was thinking that it would be fun to organize a little Moon Palace get-together for Chicago-area attendees once we are all down there.