Starting out in the real estate business can be nerve-wracking, but with the right guidance, you can move forward with ease and be on your way to success. Real estate CPA, Thomas Castelli, talks about accounting in your real estate and note business along with some common mistakes that investors make when starting out. You can set your foundation as a new investor and you can veer away from typical slip-ups, but the biggest thing in every business is the accounting side. Thomas strongly recommends you document everything and stay organized. He also points out the importance of bringing an accountant or hiring somebody who is proactive to help you in your short-term and long-term cause.
