All Forum Posts by: Aaron Zimmerman

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. 

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. 

I'd go to meetups and network with investors. You're doing the right thing by getting the properties. The investors should be the relatively easier part. Most investors are looking for good deals.

Depending on how much you need for a down payment plus reserves, this could definitely be enough to get started. I'd recommend connecting with local agents and lenders. See how much you can get preapproved for and proceed from there. 

Like others have said, focus on the operations of your first property, build reserves, and save for your next one. It's crucial not to over leverage yourself early and get yourself into a hole. Once you have your first property stabilized, start looking for the next one and focus on what you can still get using va entitlement 

Totally agree with#5. A lot of people think about just this years tax but it's important to think about lifetime tax.