I have started the process with pre-approvals  and looked at a couple properties.

Some even express dissatisfaction or question our knowledge, often coupled with unreasonable expectations—such as believing there should be no tax due regardless of their circumstances.There needs to be a shift in understanding.

The suggestion that I have would be to try a couple different things, for example, try wholesaling and doing that because if you find a great deal you could flip it instead of selling it to someone else (if you need capital for the flip partner up).

The numbers can look great on paper, but if you track things incorrectly, you kill your depreciation, misclassify costs, or inflate your tax bill for no reason.Here’s how we handle it across a couple hundred BRRRR rehabs:1.

It really just comes down to what you can handle right now and what your long-term plan is.From a tax standpoint, here’s the simple version: selling might actually help you more than you think.

Steve, I really hope this helps you a bit, I sent you a DM on BP... it's one of the reasons I do this, I hope you can assist.

Hamidou, I really hope this helps you a bit, I sent you a DM on BP... it's one of the reasons I do this, I hope you can assist.

And don’t forget, using a 1031 Exchange can help you avoid paying those taxes immediately.

Feel free to reach out if you would like to connect, we have several STR in the area.Sarah, My name is Dan Goeckel and I would really like to talk to you about your STR’s in this area if you are available in the next day or two…we are on the verge of buying a property in the next couple weeks and I have done some research in regard to that area.

I've found it very easy to use and helping with keeping everything organized.Might be worth you looking into if you want access to something that's affordable ($5/month per unit; if you have 5+ units the pricing is lower and customizable).