There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Hi Mia, Great suggestions for questions to ask a potential tax professional!

I'd ask for vet documentation for proof pet has received all state required vaccines.

After paying seller closing costs and foreclosure attorney fees, I expect to receive approx. $16,000. 

@Eli JermanYes, you should hire a tax professional.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

When note investors buy the rights to receive payments on the wrap mortgage, we will payoff the underlying lien out of proceeds. 

Hi Brenden,I’ve been following the conversation on cold calling VAs and wanted to share some insights from my experience working with professional teams focused on acquisitions and follow-ups.

You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.