- Since you're acquiring the Tax Deed, does the premium apply to the amount paid or the amount of taxes, penalties, etc.?

@Jamie Parker Same rule applies.

•The applicant pays the background check fee and I don't have to deal with it myself•Can set your own logic and rules around what kinds of late fees to charge and when to charge them and if a tenant is late paying those rules are automatically applied•Can set the payment rules to not accept partial payments.

I am wondering however if I should transfer the asset to my new LLC and then apply for a HELOC to get a head start on building business credit.

A couple hours after I approved their application, another person that actually does qualify and has all funds available now applied.

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.

The more leverage (debt) that is applied to a property or deal, the more cost savings you will get up front relative to the equity you put in.Let's say you buy a $10 MM dollar deal that has $3 MM of year one depreciation.If you used $7m of bank debt and only $3m of equity, your year 1 deduction will equal the amount of money you put into the deal!

Maybe the old adage "you get what you pay for" applies. 

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.

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