Mastering Real Estate Investment with Melissa Broughton: Tax Tips, Bookkeeping Best Practices, and Business Planning
In this episode of REIGN, hosted by Jen Josey, guest Melissa Broughton from Busy Bee Advisors dives into essential tax and bookkeeping advice for real estate investors. Melissa covers the importance of creating a solid business plan, maintaining separate bank accounts for each property, and staying on top of monthly bookkeeping. She also discusses common mistakes investors make, such as failing to track all expenses and not consulting with a qualified tax professional. Additionally, Melissa shares her insights on leveraging tax deductions, managing property investments effectively, and the significance of ongoing education and a strong foundation in real estate investing.
