Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

how can i find someone to lend me money to use the brrr method?

If you have any tips and tricks and best methods to getting my first sale that would be very helpful and appreciated. 

Water DamageWater is a natural enemy of mobile homes.

Does anyone know of stipulations that relate to natural disasters?

The legal method is to file for an eviction and slog through the time-consuming court process.

Mohit  thats human nature to talk about the market you make your living in..

I’m trying to work with a seller who deals in off-market properties, but they only accept cash or an “unrestricted line of credit” for payment.I have about $200k in liquid funds and want to invest it all, but I'm running into challenges with payment methods.

Consider using the snowball method to help you eliminate debt.

Taking advantage of a natural disaster to get yourself a pay raise, classic union tactic.