Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked. I'd love to utilize their expertise when assessing a property since they are local bu...

I Would love to share some best practices and resources and just hear what others are seeing/doing in the DC market any and all quadrants of the city.Also wondering where the best RE meetups are locally for the DC market?

Quote from @Denise Supplee: Hi @Fred McKinley Hughey, For a comprehensive foundation, I’d focus on a mix of books, podcasts, and practical learning.

Great question, that structure can work, but in practice it gets more complex than “just put it in a trust and you are done.”You have to look at: who’s the trustee, how distributions are handled, how the trust is taxed (non-grantor rules), and how financing/title is handled when you buy/sell from the trust. 

Sharing best practices could help a lot of new flippers here.

Kowal is a Certified Public Accountant with an MS in Taxation, maintaining a nationwide practice focused on IRS Practice and Procedure and federal taxation of real estate.

I tend to be on the practical side, so I ask practical questions.Are you needing financing or do you have that part squared away?

I’m looking for some best practices on starting and maintaining LLCs in TX, TN and FL (on a cheap basis…not trying to do everything using a service or having each single family home in each LLC as that would make costs balloon out of control).  

I was trying to use Baselane but they only allow tenants to pay their exact rent due, not more or less, which is not practical because sometimes my tenants are short by $100 but I would rather collect something than nothing.

I’m in search of a comprehensive guide that covers the fundamental aspects of real estate investing, such as key principles for successful investments, effective lending strategies, thorough deal analysis techniques, understanding syndications, and property management best practices.