I know the Phoenix flipping market very well if you need a resource here

I personally like having a separate PM company for many reasons since it clearly separates staff and other resources into one bucket.

Hi- New here - realtor interested in building portfolio.

Does BP have an actual course that walks one through step by step on how to invest in various ways?

TY

It is a great group and resource too!

Chatgbt is been super useful in helping with resources like this.

I'm looking to add some resources to my list, agents that have done flips and vetted general contractors that have references!

If you don't have one, there is a lending forum that may be a resource for you.

PS: I have an excellent CPA, not looking to change, just looking to figure out a better process to streamline expense/income tracking and allocation to different properties.

Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.

However, there are more and more resources that are helping the industry as a whole, so hopefully this will shift more positively in the coming years.