All Forum Posts by: Aaron Zimmerman

I would absolutely start with house hacking. That’s the lowest risk way to get started as you need somewhere to live anyway and ideally you can reduce your housing expense which can more properties or add value to your existing properties.

Great post Stephen and great commentary here. Thank you for sharing with the community and other tax pros!

I would recommend going to local meetups. You'll want to get connected with a realtor and a lender. Lender will preapprove you so you know what to buy.

For education, listen to real estate rookie and any local real estate investing podcasts. 

the in person networking will be crucial to your success

It's honestly about time. With any industry, there's good and bad actors. Even with very important tax savings such as REPs or STR loophole, there's a lot of nuances there, so getting the right tax advice from a qualified professional is crucial.

Great goal! Looking to following along on your journey. Best of luck

Great tip! Thanks for sharing!

Welcome! That's great! It's never too late to get started with house hacking even in an expensive market. There was a podcast a little while ago that BP put on about advantages to investing later in life. 

I’m not sure. Would definitely contact legal counsel though

There's certainly some good opportunities for your business to reduce or defer out tax. I'd start there and see if an entity change makes sense. As Jason said, it may not make sense in every case to just convert over to an s corp, so would definitely want to discuss with a cpa. 

This is crazy to not produce a k-1. Hopefully the partnership filed timely even if they didn't give a k-1 as it's a certain amount due for penalties per member per month. 

I would agree and contact an attorney to see if there's a case here, but this is not legal advice.