I get great tax benefits.

As to the issue of captive insurance subs, I worked in the accounting department of a small insurance carrier, set up primarily as a tax shelter.

I furthered my education by reading "Writing Winning Business Plans" by Garrett Sutton, "Tax-Free Wealth" by Tom Wheelwright, and, naturally, "The Book on Rental Property Investing" by Brandon Turner.

@Ilyas KarzaiInvesting in CA can be very lucrative but as other posters have mentioned there are trade-offs, taxes, costs, and tenant laws.

We are currently looking for a real estate investor CPA to assist us with tax filing and tax strategies throughout the year.

Here's why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

Sellers aren't always aware of liens or back taxes owed.

@Mohamed Elkashlan PM us, we can recommend attorney for LLC setup, even a tax attorney.

Just curious if anyone uses the property's tax assessment in any way when coming up with an MOA when wholesaling vacant land.

If you are in Texas and want to buy Texas tax deeds, I'd think twice about buying a national based program.