Layer referrals by telling every PM, GC, loan officer, and title rep your buy box and asking, “Who do you know that needs a fast, as‑is sale?”

All my rental income and expenses pertaining directly to them go on the E.. but the E doesn’t allow you to deduct any mileage or say a home office.. or any losses you take “at the office”.

On one end, you have sponsors who attract institutional capital, family offices, private equity, or high–net-worth investors where the LP's often negotiate stronger terms and maintain greater control. 

Both fall apart the moment they stop tracking what actually matters.In real estate, the real money isn’t made on the buy.

Run the numbers in advance to avoid most of the unforeseen issues.The Banker/Loan officer's job is to help navigate you as the buyer/client to steer away from bad deals.

Is it just Excel/Google Sheets, a time-tracking app, or something else?

But my favorite sponsors aren't from here.I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

But beyond that, your best deals are almost always knowing a property, watching it decline, tracking the owner and reaching out to be the call they make when they are finally done with it.

Hey guys, just curious what system are you implementing to ensure that all your properties you own or manage are always maintained, like yard, weed trim and etc. I'm sure this can be overwhelming as you continue to gr...

And as Brian mentioned, we host an open office Zoom every Thursday if you ever want to pick some brains or just chat about anything related to investing.