You lend someone money for 1 year, 5 years, 25 years and the money shows up in your account every month.

But if I could do it again I would buy a duplex to quadplex and take advantage of the ability to buy it with little or no money down (VA or FHA if eligible) and have started collecting rent much sooner.Advice I wish I had gotten earlier would definitely be accounting and tax related. 

When Lifestyles tells you you get a credit off your fee to use their realtors, you should know it's because their realtors don't do much.

Find an accountant that specializes in real estate taxation and amend your return if it has already been filed.

I've used CPAs in the past, and prefer to do the accounting myself.Thank you!

What's your preferred method for Background/Credit checks and Applications?

We have all the same rules and procedures and use QBO for as our accounting software with all forms of payment accepted- online, ach and regular mail.We encourage communication. 

It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free. 

Hello folks in Lending forum,looking to try and see about potential lending partners who can write large checks (7 figures) and are looking for very high yield (much higher vs private lending rates) and higher than HML rates.only need lending for 4-6months until large line of credit gets granted and we pay off the short term note.ping me if worth a conversation or have ideas...this seems perfect for a family office just wanting to place dry powder for 4-6mos while they are looking for other deal flow but trying see about other options out there as well.thanks in advance.

I have to have separate bank accounts, credit cards, and books.