One thing to be aware of regarding insurance- Once you submit the claim, no matter the dollar amount paid (even $0), it will be on your record for 5 years.

You never know when you’ll need to refer back to these records, especially in case of a dispute.

While I believe I’d be able to recoup my investment, I wouldn’t technically “own” the property until it’s passed down to my sibling and me in the future.

Just to set the record straight, because Praxis Capital was mentioned…I have been investing in real estate since 1989, and Multifamily since 2002, with zero investor losses.  

The name you select may seem minor but it matters for bank paperwork, claims that are brought, lien filings, deed recordings etc.

Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

What we do require is a signed pet agreement that has minimal rules(pick up the crap, flea & tick prevention, etc) and we require that they send a copy of current vaccination records and a picture of the dog(s). 

If you wanted to be super careful you could have an attorney write up a new easement and record it for the benefit of future owners of both properties. 

I'm only interested in the Grocapitus track record. 

My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!