Hard Money Lenders generally follow cookie cutter guidelines to ensure repayment of the loan.

The involvement of a qualified tax professional is essential to ensure that taxpayers navigate the process accurately, efficiently, and in compliance with current tax laws.

However i've learned a lot of lessons in this real estate game, one being throughly check out contractors, some of them are shady and will give you a good front and and tell you all the things and have referrals, but still without doing proper due diligence, sometimes it can bite you in the butt.

A few key things I’ve learned that can really impact the numbers are:- Understanding local market demand and regulations, since that affects occupancy and stability-Factoring in costs for proper management and resident support services, those keep the home running smoothly and reduce turnover-Being realistic about timelines for filling beds and the importance of vetting operators who align with your goalsThese factors can significantly influence the financial viability and stability of the investment.

That background helps me not only find properties but also evaluate them with a strong financial lens to ensure the numbers make sense.Beyond real estate, I’m passionate about fitness, traveling, and (even through the ups and downs) cheering on the Dallas Cowboys 🏈.I joined BiggerPockets to connect with like-minded investors, learn from others’ experiences, and create partnerships that can help build wealth through Houston’s thriving real estate market.Looking forward to networking with you all — feel free to reach out if you’re interested in Houston fix & flip or rental opportunities! 

How can I get started and do so properly?  

Even small improvements like proper lighting, fresh paint, and flooring can make it feel usable and increase buyer appeal.

That will help ensure you aren't overpaying on taxes.

One thing I have learned is that, you always have a lot of choices and decisions to make, so give yourself enough time to ensure you make the best decisions and choices for your situation. 

i.e. squatter and eviction; did they truly run the proper background checks per your agreement?