Would love to hear from other pros.For California specifically, it’s safest and most cost effective to allow a passive trust to own all real property in California.

High efficiency appliances were utilized including HVAC, light fixtures and water heater.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

People did not have BiggerPockets, YouTube, podcasts, or hundreds of books on real estate investing.

All, I consider myself a beginner in real estate investing, but savvy in business/finance.

I do think there are great STR opportunities in New Mexico, but I would stick with rural and resort areas.

I would like to know from other experienced investors some suggested books that highlights mindset, preparation for recession, finance and all things real estate.

My title company has told me that it is impossible to do a simultaneous closing using only the end-buyers’ money to fund the transaction on a wholesale deal as they say it is considered a “dry closing” and is illegal in the state of Virginia.Someone from the title company also told me that there is a limit on the number of assignment deals that you can do before you are forced to get a real estate license or it is considered brokering without a license.

And then invest that cash flow in real estate.

This isn’t the end goal for me but just the beginning as I get my feet wet in the real estate world.

Hi everyone,I'm Harish and I'm based out of Seattle and I'm new to real estate investing and am particularly interested in exploring turnkey properties preferably multifamily, especially out-of-state opportunities.