And just like you I'm also preparing really hard for next year: saving, learning.

Hello BP Investors,As a rookie I am seeking advice on what I should do or how to prepare to buy my first rental property.

You may want to consider working with a CPA in the future to save you the hassle of doing the return and to also provide you advice/suggestions.You may also want to see if the accountant can review the return you prepared to determine if it was done accurately.

Essentially, how much should you prepare to bring to the table of your own money?

Be prepared for it to be a solid 30% more expensive than a standard tenant occupied landlord policy.

We eventually stuck with our "familar" areas for our first investment, but I still believe Ogden is a great place to look as prices are still lower, but appreciation is sure to rise with the other Wasatch Front areas.If you're looking to do long-distance, it wouldn't hurt to reach out to Reeder or another PM group as they were very helpful in pointing us towards the "good" neighborhoods to narrow our search.Good luck with your real estate ventures!

If your intent was simply to fix and sell and the rehab took that long -- well that just feels more like your intent was resale.But putting that aside for a minute if you're going move this into a venture where you don't continue 1031ing and will be selling with owner financing then I wouldn't bother with the 1031. 

I have been listening to podcasts and watching videos and studying it for about a year now and I feel I am prepared to begin making my first moves and buying my first property.

Title company prepared me going in to read the Declarations with a fine tooth comb and to get to know the condo board before I closed on the property.

Hi Everyone,Preparing to purchase BRRRR deal in Memphis and stumbled upon a few obstacles.