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With the right setup, however, they can be highly effective.Some of our clients have even found that hiring a dedicated full-time team member, particularly for finance, bookkeeping, or marketing, offers better control, simpler expense tracking, and more long-term stability, especially when it comes to tax planning.Each approach has its pros and cons, but the key is aligning it with your business structure and overall tax strategy.Happy to connect if you want to know moreThis post does not create a CPA-client relationship.

Most people get into real estate because of the opportunities to create extra income; buying and then selling, as well as renting, is a big part of that.

Quick-turn deals like this show how partners can create profit without heavy renovations or long timelines.

Quote from @Ashish Acharya: @Allende Hernandez Great question and it’s one that comes up a lot with new landlords who want to make the most of their tax benefits.To clarify: putting a property into an LLC does not, by itself, create new tax deductions or unlock passive losses.

I’m a relatively new investor with one house hack under my belt (which I’ve since passed on), and I’m eager to keep learning, building, and growing in this community.For me, real estate is more than just deals — it’s about creating opportunities to serve others, building community, and leaving a lasting legacy.

There is a video tutorial on how to create the map you want.

Coordinating with an estate planner is critical to ensure the transfer doesn’t inadvertently create a taxable event or complicate Medicaid planning.Refinancing / BRRRR strategy: Using the gifted property to refinance and fund another property can work, but you need to make sure lenders are comfortable with the structure.

You can create projects for each property or LLC and keep all notes, deadlines, and completed tasks organized in one place.QuickBooks Online is the go-to for financial recordkeeping.

The log requirement to track the hours hasn't changed so something from 4-5 years ago should still be applicable now.I would create an excel workpaper with 4-5 columnsColumn 1 = DateColumn 2 = Amount of hoursColumns 3 = Description of property worked onColumns 4 = Task performedYou can create 'drop-down' features to reduce the amount of repetitive phrases.