Hi BP community,I just wanted to share that I recently closed on my first turnkey deal with Rent to Retirement in Illinois.

My partner and I are diving into real estate investing in Atlanta, and we can't wait to get started.I've been soaking up knowledge from this community for years while living in California, where I had my realtor license and worked as a listing manager.

Welcome to the BP community @Natan Lieber !

Let's partner up, share our experiences – the highs and the lows – and learn from each other's journeys.

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state. 

Hello BP community, looking for advice on this topic!

I would love to connect with you and share ideas and goals.  

I recognize the invaluable role that lenders, property managers, wholesalers, and licensed contractors play in the success of any real estate venture, and I am eager to collaborate with individuals who share my passion for achieving excellence and prosperity in this dynamic industry.

I look forward to meeting fellow investors, growing together, and sharing the stories, trials, and lessons along the way.  

How spread out are your communities?