All Forum Posts by: Carlos Bello

 I agree, PM cost should be included as part of the regular expenses. I included them in every calculation I do, even if I plan to manage the property myself. This tells me that in the event I don't want to manage it anymore, the numbers would still work. 

have to love appreciation :) 

@Mark Cruse I agree 100%, there is no need to breakeven on a multi, if thats the case the price was too high from the beginning. 

Hi @Devin Monroe,

Hope all is well. I personally own 35 units and looking to acquire more in the near future. I have property management companies on all of them. All of my units happen to be multifamily units so thankfully i see a good cashflow from each property. My personal advice would be to always invest in multifamily homes, this is the best way to see good cashflow and the expense of the PM would not be significant. When you are investing in a single family the expected cashflow sometimes to me is not even worth the purchase. Partner up with someone and get into the multis, I feel you can withstand more vacancies with multis. Hope this helps. 

thank you! @Daniel Hyman

A lot of us are constantly listening to audiobooks, reading books, watching webinars and taking in tons of information! The problem is some of us never really take action. I am curious to see exactly what tends to hold most of us back from taking action. 

Thank you guys for taking the time to respond. It was definitely a lot of information shared that day with very little elaboration. I have to say I am loving the BP community!  

@Russell Brazil This could be the case. He also stated that whatever funds I received from the accelerated depreciation, I would have to pay only remaining years of the depreciation if I ever sold the property. 

Hey @Yonah Weiss thank you for your reply! Trust me, I made sure he wasn't referring to Appreciation. He even compared the two but our conversation was brief so we were unable to elaborate further. He did state that not a lot of CPA's use/know the method. If I get to speak to him again soon I will keep this post up to date with any details...I was just curious if anyone else has heard of this.

So I was recently on the hunt for a new CPA, one that focused on Real Estate strategies. One interesting strategy he mentioned that really stuck out to me was "forcing depreciation". He didn't elaborate too much on this but I honestly cannot stop thinking about it (if it's true). 

To my understanding, it's basically when an assessment is done on the property by a professional and determines the entire value of the depreciation remaining on the property. Which will then allow you take a lump sum (forcing the depreciation) for the remaining years instead.

Has anyone ever heard of this?