This approach also allows you to benefit if prices continue to accelerate over the next few years.

I put together a short video on my first deal that may help to accelerate yours.

Many pushing land trusts went further, incorrectly claiming that utilizing a land trust for ownership of a property would not trigger the due on sale clause in mortgage notes if the land trust itself was transferred (sold), and therefore mortgage assumptions and subject to sales wouldn’t have the threat of mortgage note acceleration hanging over the transaction.

I am confident in my ability to analyze a deal and hold out for good deals...just trying to accelerate my timeline by utilizing the built up equity that I already have. 

Several years after purchasing the property the USDA came out with another benefit which allowed them to take accelerated depreciation over 35 years as apposed to the 50. 

This is because I’m looking to accelerate depreciation on the property to be taken in the first year (bonus depreciation) and offset it against my active income.

This will accelerate your learning curve and you will do a lot more deals.

The more people you talk to about RE, help out generally, and befriend, the faster your career will accelerate. 

BUT, since this is the first year there are likely losses passed to you as a result of accelerated depreciation and cost segregation strategies that the sponsor likely employed so there shouldn't be any tax liability.

I look forward to continuing and actually accelerating in these areas again in 2022.