New To Investing/Real Estate

[Nataisiah Amina]

Hello everyone! My name is Nataisiah. My husband and I are interested in real estate but are beginners like no experience of any kind. We live in Brooklyn, NY and needed advice on how to get started. We were thinking wholesaling because I heard it's "easier" to get your foot in the door then doing flips. But wondering how to find investors/partners who could help us and teach us the ropes. We don't want to get into something we have no idea about so we are looking for some guidance. Thank you in advance for your help!

[E.J. McCaffrey]

Welcome to the group!

No matter what type of investing you're pursuing, two of the most crucial, and often overlooked, foundations are tax planning and asset protection. While it’s easy to get caught up in the excitement of finding and closing deals, building a solid framework in these areas is essential for long-term success and sustainability.

A proactive tax strategy allows you to take full advantage of deductions, use the most favorable tax structures, and keep more of your income. By planning ahead, you can reduce your overall tax liability and create more flexibility for future investments.

Just as important is protecting what you’re building. Real estate investments carry inherent risks, from lawsuits to creditor claims. Without the right legal structure, your personal and business assets could be vulnerable. A strong asset protection plan helps limit liability, safeguard your wealth, and strengthen your position in the event of legal challenges.

To approach both areas with confidence, surround yourself with a team of experienced professionals including a tax advisor well-versed in real estate and an asset protection attorney who understands your specific goals. Investing in the right guidance early on can prevent major issues later and give you peace of mind as your portfolio grows.

Wishing you continued success on your journey!

Disclaimer: This message is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No professional relationship is established through this communication. Please consult with qualified professionals regarding your individual situation.