Investment Info:Small multi-family (2-4 units) buy & hold investment in Philadelphia.

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.

With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow.

How long do you have to wait if the renters are late on their rent before you’re allowed to file an eviction notice here in Utah?

I’ve done my research and decided to invest in Indianapolis.

Even if I only have 1 repair in 2 years, I will be ahead of the game. 

My main area of focus is in multifamily and commercial NNN properties.

Excited to see what we can learn from each other in this awesome community!

I am Dan Bruyere, I am a rescue swimmer in the Navy, and very new to real estate investing. 

What made you interested in investing in this type of deal?