How many months to break even?

One thing I’ve noticed from investors who started with wholesaling and multifamily is that having a reliable financing strategy early can make or break your first deal.

After that we told the complaining tenant they will need to call the police and get us a police report to do anything more.The tenant has stated we must solve the problem or they will move out, we politely told the tenant that if they move out, they will force us to pursue all legal penalties for breaking their lease.

Class C tenants do NOT care about breaking their lease when they really want to move.

I made a $40k build deposit (first deposit on 10/2022) and we have yet to break ground - or even finalize permitting.

I’m just starting my real estate journey and will be sitting for my license exam in the next two weeks.My main goal is to break into the investment side of real estate by finding off-market properties—whether to wholesale, wholetail, or rehab and flip.

So while the tax break is nice, it means you lost money.https://www.irs.gov/pub/irs-pdf/p527.pdfYou can also deduct depreciation of real property, including rental property, as long as it is held for more than one year (see Pg 5 of the last link above).

What usually helps is breaking it down to the basics: projected rent vs. all in costs (mortgage, taxes, insurance, repairs, reserves, management).

When choosing a realtor, make sure you find someone who can connect you with a great rest of your core 4(great realtor, property manager, contractor, and attorney), with the most important one being your contractor, who will either make or break your deal!  

You will have to have a set of very clear rules, consequences for breaking them, and a way to maintain oversight.