Specifically:1.Tax Prep Costs: What are you typically paying for tax prep services for your real estate business?

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

., Then 1031 exchange can only be used to purchase investment real estate. 

@Charlie Brown, I'm not super familiar with your market specifically but I think this strategy works anywhere:- Find a boutique, niche, ideally aging broker/brokerage in your market, and start adding value. 

I'm new to real estate investing and just wanted to get some advice, input, and constructive criticism on using a HELOC as a down payment to purchase my first investment property.

Any specific area within Gastonia that makes more sense than others?

The problem I see my clients get into with vacation rental purchases when the intent is to get something they can enjoy as well is that many times they get tired of going to that one spot. 

This means I can’t bump up my purchasing power.

Purchase price: $310,000 Cash invested: $28,950 Sale price: $416,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, purchased the Pointe Clear Dr home for $310,000 on 04/19/2024.