Investment Info:

Single-family residence other investment in Temple.

Purchase price: $10,000

Cash invested: $82,300

Sale price: $148,500

L.E.I.'s first project in the Temple, TX market. We purcha...

Investment Info:

Single-family residence other investment in Temple.

Purchase price: $10,000

Cash invested: $100,000

Vacant residential lot. L.E.I. is constructing a new single family residence to be...

I don't see those expenses reflected in your budget.Even if this property is brand-new, you'd be better off budgeting a higher percentage for vacancy, repairs, and capex. 

I’m planning on going:http://meetu.ps/e/HFlTx/N4lxd/a

Hi friends, I am brand new to BP.

I'm brand new to the world of real estate investing and am looking to get started with investing in the Los Angeles market. 

The best thing to do is to separate all expenses into the categories that show up on schedule E and track them as you go.

i.e. cold calling, follow-up, social media content, branding, listing/buyer presentation.- Accountability - How are your numbers going to be tracked and who will be tracking them?

So right now, while the property is owned by us as individuals, for tax purposes we would only be filling out schedule E form 1040 ?  

For example if you have one LLC for active income such as flipping which is the one you advertise under and is your “brand” so to speak, and one LLC for passive income which would be rentals.