Scaling a real estate fix-and-flip business can be a complex endeavor, but partnering with an earnest money lending partner can provide the financial support necessary for rapid growth.

Might be a silly question, but this is true from what I understand.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

Do you think it is a reasonable and reliable appraisal.

But one unit was a full redo.

As a teenager, I managed properties that I owned a percentage of.

There's a lot of opportunity in new construction for builders with good experience.

I manage each property personally, which has provided me valuable experience but also highlighted the need for a more formal structure as I plan to expand my portfolio.My PlanI'm looking to establish a Wyoming Holding LLC that will be taxed as a partnership.

You can quickly search a licensee on the NMLS website with their license number.  

Have you thought about the types of properties you want to invest in and the strategy you want to use to make a profit via said property?