The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

. - You not there is a GIANT supply glut of listed properties to this one, and then speak that your priced lowest, as if that's any kind of anything special.

my partner Edwil specializes in gap .

As a lender who specializes in financing for real estate investors, I understand the unique needs of the BRRRR strategy and can offer tailored solutions to fit your goals.Here’s how I can support you:Flexible Financing Options: Various loan products designed specifically for investors like you, allowing for quick access to funds for purchases and renovations without the stringent requirements of traditional lenders.Experience with BRRRR: Having worked with many investors using the BRRRR method, I can guide you through the financing process, ensuring you understand the best strategies for maximizing your returns.Quick Turnaround: With a streamlined application process and quick approvals, you can move fast when you find the right property.Personalized Support: I’m committed to building strong relationships with my clients.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Special thanks to Marco, Hendra, Joe, Mercy, Hadar, Chris, krista, Remo, and my other partners in deals - Greg, Darren, Ray, Christina, Debbie, Keoni, Dmitriy, Jonathan, Vlad, Jaideep, Alex, Jason, Christine and many more for letting me be a part of their journeys.

Are there permits and special licensing for STRs in Indianapolis?

Some lake front properties on septic require some special things to keep the effluence leeching into the lake.

We'll have an expert on hand who operates nationwide and specializes in new STR setup & decorating.  

For instance I had a special case where I billed the tenant an extra expense monthly on top of the automated rent collection, so I add it as an expense and it would automatically email them and notify me when it was late of course.