Deductible expenses include renovation costs, loan interest, and holding costs.

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

Any advice or tips would be appreciated.

I had no exposure to this group but recently heard one of their principals on this podcast.

I may have a solution if you are..I'm interested.

This will set up your buy and hold business long term. 

@Stanley Nguyen there really isn't a way around this. Interest

@Jaedon Stout Getting into real estate is not for the faint of heart.

If anyone's interested in getting more into depth on flips in Sacramento, I'm a DM away:-) Hi Scott, ’m in Chicagoland area, and also an agent.

A year into my multifamily journey everything changed.