The best thing an out of town investor can do is develop strong relationships with locals who are active and knowledgeable in the real estate investment world in STL.

Do you think the tips in the guide, Real Estate Investing For Beginners, are still applicable in 2024 and beyond?

I did a search of IRS Form 590 and didn't find a single instance of "self directed", "self-directed", "real estate", "real property", or even "repair".

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Recently, the President of my brokerage, REAL, created a video explaining the changes to the real estate world.

Additionally, since we handle leasing for these properties, a broker's or real estate license is necessary.However, a broker's license is not required if you manage properties that you own jointly with investors.

@Michael CsrnkoI recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Opened another checking/credit card for just real estate expenses, and deposit tenant and our portion of payments into that account.

Hey everyone, I was researching financial and real estate podcasts aside from bigger pockets that discuss the market condition in the US (and maybe the world).

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).