Purchase price: $310,000 Cash invested: $28,950 Sale price: $416,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, purchased the Pointe Clear Dr home for $310,000 on 04/19/2024.

We just closed our second deal in the past 30 days, and for me, my portfolio or success, would not have been possible without an amazing partner.The reason for my post is that I've learned that real estate, especially multifamily, is a team sport.

Purchase price: $37,500 Cash invested: $15,000 Sale price: $65,000 Contributors: Peter Vekselman Partner Driven, in partnership with Billy Medlen, purchased a property on Preston St, Crocker, MO, for $37,500 on 11/16/2023.

I am actually getting real information that is actually useful.I would recommend Jake's Flip Secrets.

This strategy is more effective if you qualify as a real estate professional.

Purchase price: $75,000 Cash invested: $75,000 This is a duplex with 2 bedroom/1 bathroom on one side, and a 1 bedroom/1 bath on the other.

If that property is till under the LLC you will need to purchase under the LLC.If you have taken ownership of the sale proceeds your next homework assignment is to look into Qualified Opportunity Zones and Qualified Opportunity Funds (QOZ, QOF), note the same accredited investor status still applies. 

It's because to your point, I use to be the operator of my own rental real estate. 

Real estate wire fraud is becoming more common every year.

Probably worth mentioning, TurboTax can facility real-time assisting from tax professionals if needed, obviously this will be at extra cost.Hope this helps!