Sold quickly and for top dollar Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you're new to property auctions, you might also consider consulting with a real estate agent or attorney experienced in auctions to guide you through the process. 

It could increase your rental income potential.House hacking with a VA loan is an excellent way to get into another property with minimal upfront costs.Partnering on a multi-family could be a great step into larger investments.Here's our take: If you're committed to expanding your real estate portfolio, this could be a solid move.

Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

Provide lots of testimonials, show examples of flips you've done, have a bio about yourself and why you love helping people dispose of real estate, etc.

Hello,I'm new to the field of real estate investment and eager to learn as much as possible to get started.

Find yourself a good investor-friendly real estate agent.Your questions span several competencies:--Sourcing properties--Helping find a contractor--Structuring due diligence contingencies--Assessing valueThis is what real estate agents do. 

Our financial backing highlighted our commitment to providing the necessary resources for successful real estate investments.

My husband and I decided to invest in real estate together and are very excited for our journey.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?