![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
14 October 2024 | 1 reply
Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3132353/small_1728613815-avatar-davida1348.jpg?twic=v1/output=image&v=2)
16 October 2024 | 10 replies
She’s been advised to move her $35k 401k into real estate investing, and she wants to move closer to me.Potential Investment PropertyI’ve been actively seeking investment properties and have built a relationship with an experienced broker.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2985711/small_1712073215-avatar-beno90.jpg?twic=v1/output=image&v=2)
15 October 2024 | 10 replies
I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3080713/small_1721493878-avatar-michellc2.jpg?twic=v1/output=image&v=2)
16 October 2024 | 6 replies
An attorney would be better off advising as to what would make the most sense for you in your particular situation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3132618/small_1728582454-avatar-elysem8.jpg?twic=v1/output=image&v=2)
14 October 2024 | 3 replies
I know of Dotloop, Appfolio, Yardi...Please advise.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3131072/small_1728318519-avatar-lakeb5.jpg?twic=v1/output=image&v=2)
15 October 2024 | 5 replies
Lake - I'd advise renting for AT LEAST 6-12 months until you get an understanding of where you want to live in the metro unless you're already familiar with it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
14 October 2024 | 0 replies
Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.
13 October 2024 | 9 replies
Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3094981/small_1723074131-avatar-dand380.jpg?twic=v1/output=image&v=2)
17 October 2024 | 9 replies
Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1852684/small_1621516132-avatar-jonathanf209.jpg?twic=v1/output=image&v=2)
16 October 2024 | 14 replies
I'd also advise being very careful.