23 June 2025 | 2 replies
Here are a few tips to help you streamline the process:- Double-check local building codes early- Prepare clear 2D and 3D plans for submissions- Communicate early with city planners to avoid surprisesFeel free to ask me questions about permits, drawings, or how to avoid common pitfalls.
23 June 2025 | 12 replies
You’ll want to consult an attorney or estate planner who’s experienced in generational wealth planning to:Set up a revocable or irrevocable trustCreate operating agreements that define how profits are distributed among householdsEnsure clear succession and tax advantages for your heirsBRRRR vs Turnkey in Today’s MarketBRRRR can still work, but with higher interest rates, compressed margins, and limited inventory, it’s more competitive and riskier if you're remote or not experienced in construction/project management.Turnkey rentals may be a better fit for your goals:Properties are already renovated, tenant-ready, and managedPredictable cash flow from day oneCan be scaled over time without as many moving partsHow to Use the $500K Strategically:Put 20–25% down on 4–6 turnkey homes (~$100–120K each)Keep reserves for CapEx, emergencies, and future opportunitiesOptionally, cash purchase 2–3 properties for max monthly incomeRefinance or 1031 exchange as equity buildsIf you'd like examples of markets or property types that fit this plan, happy to share!
19 June 2025 | 6 replies
Do I need to contact a land planner?
17 June 2025 | 11 replies
Financial Planner - fire them.
16 June 2025 | 13 replies
That means not only professionals like Realtors, attorneys, inspectors, and property managers, but also having a solid support network that includes a tax planner, wealth advisor, and a few trusted people you can bounce ideas off of.
14 June 2025 | 10 replies
Most of CPAs are not specialized in real estate and are not tax strategy planners.
13 June 2025 | 2 replies
On a side note if you have access to a city planner to find out what are the development plans in the area where you need the information this may give you possible insight on things that will impact taxes on one hand but allow you or your clients increase rents on the other.
13 June 2025 | 6 replies
path of progress look no further than the local zoing or planning department talk to the long range planner and most have mapped out where the town or county is going to grow then get ahead of that growth !!
11 June 2025 | 4 replies
Bigger Pockets is a great place to find a real estate focused financial planner.A good financial planner can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation, 1031 exchanges, financial planning and tax planning.I recommend finding a financial planner specializing in real estate taxation, business taxation, financial planning, and tax planning.Consider working with your financial planner remotely to expand your options.I would also recommend looking for a financial planner willing to work with you throughout the year.
12 June 2025 | 4 replies
My experience has been pretty negative in the Oakland office, but this time we will have an architect sitting with us, and a more senior planner in a pre-planning meeting to work with.