In the absence of an appraisal, when purchasing buildings that include the cost of the underlying land, you must allocate the total purchase price between the land and the buildings to determine the depreciation basis for the buildings.

If you aren't doing the work yourself, make sure you vet contractors as much as you can.Of course look at their previous work, but also consider their responsiveness, ability to meet with you, years of experience, etc.

When done right, Facebook can go neck and neck with any other lead-gen method out there.If you have the ability or the budget, building out a proper SEO strategy should be a top priority.Google PPC is highly effective but the truth is most investors without a hefty advertising budget can’t or shouldn’t spend their dollars there.What are you doing right now to generate leads?  

The other part of the 15-35% you can earmark for deal #2.The ability to buy is the primary way to invest, the defensive primary way is never needing to sell or do anything.

A realistic time line would also be important to determine. 4.

Visibility drives click ability, and not using the full length of the ad to add keywords and business-related details is a missed opportunity when you’re fighting for every click in Google Ads.Conclusion:If you know you want to get off-market seller leads from Google, and already committed the budget for it, make sure your ads are optimal and that your keyword selection will not cause you to appear on ones that will waste you time and money.The Google Ads landscape is fiercely competitive in today’s market, demanding an investment of several thousand dollars per month to gain meaningful traction.

As well as Sellers simply are not informed of the risk of devastating impacts to their credit scores and what equity they may have had in the property if the transaction fails.For a well capitalized Investor and or company and a fully informed seller these can be structured as you note with a Wrap that keeps the seller with  some control or ability to get the property back.

Hi Felicia - For high-wage earners, the ability to use rental losses (including depreciation) to offset W2 income is limited.

To me, this is a cost that won't "add value" to your BRRRR, so I would more strongly consider how much it might impact your ability to rent the unit/house.

Foreclosure should be the last possible step because it will take away you ability to finance any real estate for several years, even up to 7 years for owner occupied programs with good terms.