Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

And it works because there are so many beginner real estate investors who simply don't understand what is real when it comes to real estate financing..

I understand your sentiment, and it's excellent that you're starting to research.

It takes five minutes to understand how to do it.

Obviously, this can impact your overall cash flow. 6) it’s important to find an agent that knows the area well and understands how to work with an investor, as the process is very different than buying a primary residence. these are all things to consider, and there is going to be a learning curve associated with the process.

I understand it hurts to provide bad tenants money, however it will resolve the problem quicker and remove this frustration from your life, which I'm sure is worth a couple thousand dollars. 

You want to work with a professional who will understand whether the rehab that you do would be required to be capitalized and depreciated over years or eligible to be expensed in the current year.Furthermore, you live in New Jersey which has one of the more complex tax laws in the country.

If you desire to walk into someone's office nearby, that's understandable, but most things related to accounting can be accomplished the same way remotely with video call and email correspondence.We use a secure portal for all of our business and sensitive documentation. 

When I got started, I didn't understand just how significant of a part construction and construction management knowledge is in this business and in my experience anything you can learn from that perspective will pay off long-term in money saved and made on your projects.If you want it bad enough, you'll figure out a way to make it happen!

I would make sure communication to them is done in advance of this change to make sure they understand what if any tax implications this has