Also discuss with your tax person if there are any type of tax hits you will take if you transfer the ownership from yourself to the living trust- state taxes as well as federal.A will can sit in probate for awhile, quite awhile.

If anyone wants to meet up in person and exchange ideas/tips, hit me up!

Hit the ground running the day you graduate.#3. 

They likely hit up agents with their spread sheets breaking down everything trying to convey to the agent they know it all-- they know nothing.

Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.

I believe you have a 45-day window to shop lenders without having a drastic hit on your credit score.Happy to recommend someone if you're still searching, shooting you a PM.Also, as @Rene Hosman mentioned, there is a service here on BP to link you with lendersAll the best!

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

Since you’re aiming for a minimum sale price of $225,000, if offers aren’t hitting that number, renting could help cover holding costs while preserving your long-term profitability.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.

That means it gets hit with both regular income tax and self-employment tax (Social Security and Medicare).

You want to hit the same people every 30-45 days.