Secondly when you're not working 2-4 open houses a weekend (yes that's a must when getting started) and having the 30-60 minute coffee appointment, focus on establishing accountability partners (brokers who have also started recently or in a similar groove as you), listen to podcasts or read books, and work establishing good habits early and developing a good mindset. 

The agreement I signed with the real-estate (property management company) says the Broker will maintain security deposits received from tenants in a trust account and will account to the tenants for the security deposits. 

I would like to get into real estate investing, but I have had never more than $2.000 in my bank account in my life.

A degree won't help you at all, unless you use the degree to get a job that will put money in your account to make your first few purchases.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal.Best of luck to you and I look forward to following your journey!

When I plug this into the calc while also accounting for 5% Maint, 5% Vacancy, 8% CapEx and $0 management (it's local)...

When I plug this into the calc while also accounting for 5% Maint, 5% Vacancy, 8% CapEx and $0 management (it's local)...

"I'll be doing my semi annual maintenance inspection soon.

Hi All,My name is Kristen Graham and I currently reside in Dallas, Tx working as a private equity fund accountant.

If less than that, let's say 80%, you deduct 80%. 2) if you use the money for the personal purpose, it is not deducted. let's say you use remaining 20% from above eg on a car, you can't deduct that. 3) if you hold the money at the bank that is your rentals bank account for future repairs and capex, it is deductible at the rental level.