All Forum Posts by: Brian M Sweeney

@Kevin Gray is in the NJ, Philly Area

@Krista Kennedy @Kevin Gray is in the NYC area.

@Jacob Henderson tax return filing has become a massively expanding commodity over the past 10 years with the introduction of the ‘turbo tax’ model. In my opinion its not so much the tax return as it is everything surrounding the return (value add activities). There is a huge difference between tax preparation & tax planning and most clients that come to our firm don’t quite understand this. As everyone else said above, get a professional. Most of the clients that come to us have screwed up their returns because they tried to save a couple bucks by self preparing. All of the real estate I own is in a partnership. Although my firm could easily prepare the return for free I have it done by another accounting firm so there is no conflict of interest. They charge $2,600. Hopefully that provides some insight.

@Carl Fischer I consider all of the above. If it is a good investment and meets certain financial criteria I always factor in real estate.

As I talk to fellow investors and clients it seems to me that many are drowning with information regarding real estate strategy, tax planning & legal matters. The key is to focus on the aspects that affect your business and bottom line. Stay out of the weeds with information that is out of your control. Don’t believe everything you read or hear.

@Josue Vargas no.

@Henry LiChi I believe @Kevin Gray has numerous clients in the SoCal area.

@Herve Francois @Kevin Gray is in NJ

@Andres Aguero it’s about the having a good quantity of quality properties!

@Alec McGinn everyone’s situation is different. Talk with 10 ultra successful real estate investors and they will tell you 10 different ‘strategies’ with overlap. Some will tell you luck played a major roll. That being said, I think it’s very wise to be aware of the individual situation that you are in. If you are starting out, regardless of what Grant Cardone says, you shouldn’t be buying a 50 unit property. Learn the basics. I don’t personally own a ton of real estate but I do have over 25 properties worth several million dollars. I’ve listened to clients of mine that own hundreds of million. All of them have the similar advice of slow and steady, grow fast lose fast. So in my opinion I don’t think listening to one person speech is the right recipe. Especially someone that gets paid to do the talking.