I believe a large number of RAD investors didn't have a clear understanding of what their investment entailed.  

I’m excited to dive into this space, learn as much as I can, and connect with other investors and wholesalers.Currently, I’m focused on building my network, understanding the ins and outs of finding off-market deals, and learning how to properly analyze properties.If anyone has advice for someone just starting out or is open to networking and collaborating, I’d love to hear from you!

Hi,I see others have a similar question...Yes, I am looking for a CPA with extensive experience in real estate, like others,but I have the following criteria:Must be based in CA (any city is ok)Must have experience at one of the top 5-10 accounting firmsWould prefer in house bookkeeping service (I know this is not common--not a deal breaker)Must be able to do cost segregation or work with a team that doesMust understand and have extensive knowledge in small/medium business tax preparationPrefer no hourly rateI have about 4 LLC's and one S-Corp in addition to my personal return.I have spoken to most of the big accounting firms and would be a good candidate for them but I just don't want to pay $20,000/yr. 

From there, you need to understand costs to convert, and if it makes financial sense.

Over the past 3 years, we've built a metal building & Interior finish-out construction crew to be able to control our own building cost and allowed us to have a full understanding of the cost's to build.

I'm happy to chat with you more to understand your situation. 

I’ll be in town from June 28th to July 4th and I’m looking to connect with local professionals who understand the BRRRR strategy, Section 8 requirements, and have deep knowledge of the best (and worst) zip codes and neighborhoods to target.

Just try to understand.

Does the review mention terms like rentals, Real Estate Professional status, etcGiven that California has so many different tax laws when it comes to the federal tax, it is best to work with a professional who understands california taxes in additionto real estate taxes.Best of luck to you in your search.

Although I don't have any experience with this but based on my research this structure is sometimes referred to as a “membership interest transfer” or “LLC wrap,” and while it can be a creative workaround for certain legal or financing limitations, it’s absolutely critical to understand how lopsided these deals can become without strong legal protection.