In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.

Yes, you can buy books and reading on websites such as BiggerPockets and teach yourself how to invest in real estate, but key to SUCCESS is to take ACTIONS and apply what you had learned.

This program applies to single family homes, condos, 2-4 units and PUDs.

@Sephr BemanpourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I don’t market in your territory, but the same applies to any market.

The values listed may not match the total acquisition cost, but the proportionate ratio between the land and improvement values can be applied to the final purchase price for income tax purposes.Commission a full-scope land appraisal: Another option is to commission a full-scope land appraisal.

This doesn’t merely apply to real estate this applies to any business endeavor you pursue. 

It all starts with becoming an expert in your market, creating broker relationships, understanding what your goals are, learning and applying the framework.And not to jump around to the next shiny object.  

I live in Phx,Az , where should i apply for a mortgage loan first at my local bank (wells fargo) or use a broker, a lot of people here tell me to start with my bank as they have all my info, if i get pre approved anywhere i wouldnt be committed/obligated to go along with the deal right ?

My fiancé is applying to medical schools and would start school in the fall of 2025.