Very often I meet real estate investors who chose to go with a $200 tax return filing accountant who costed them thousands and tens of thousands of dollars in mistakes like miscalculated depreciation, missed deductions, miscalculation of capital gains when selling the property and so on.I understand you don't want accounting fees to eat all of your profits, but I simply encourage to factor what you're getting from your accountant, weigh it against the price and find the combination that works for you.

I'm not currently interested in making any direct income as of yet and any profits would be saved for future real estate endeavors and cushion for repairs/maintenance.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

Great cashier flow but no financial records due to previous owner running it as a non profit, sorry selling as non performing asset.

I'm looking to personally generate some blog posts for my website and would like to hire someone to proofread them, format them into more reader-friendly formats, and do any SEO tweaking that's required.  

But maybe you are right, and the broker can push the seller from the bridge harder if they see a profit.

I am thinking of using investorcarrot to generate leads, but I don't want to put the money into it if I still have to pay for facebook ads and google ads.

You spend your profits ONLY...and use(invest) your seed money to infinity...and beyond.

Making some money on the side while doing this would be fantastic, but I'm more concerned about the education to be gained from the opportunity.My rough plan is to gain enough experience to become a wholesaler myself, and use the profits from that to jump into REI (Single-Family homes and Multi-Units) with a strong foundation.I'm currently residing in Cumberland County, more specifically the Vineland/Millville area.

Then with that profit I would take a portion of it and invest into trainings, courses, camps, etc.