You have to have a building permit in before you can start running utilities.

. $100 for insurance, and $170 for property tax.

I'm a new investor (have a separate W2 job), looking to build storage in near future.

I will be using retirement funds and for that reason in order to defer taxes.

Goal is to slowly build up your real estate empire and live off with the passive incomes.

Your understanding of the depreciation recapture process is almost correct, but there's a minor error in your calculation.When you buy a house for $300,000, with $100,000 attributed to the land value, you have $200,000 allocated to the building or improvement value.

Hi everyone,If you own rental property, it's essential to maximize your tax deductions.

While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

I've been developing and managing our buildings since the late 70s.