I own/operate over 150 units in Pittsburgh and you can find every sort of real estate investment play here.

There are dozens of metro area which all have different dynamics at play.

It's interesting how everything will play out, I actually don't expect significant rate cuts until next year but who knows.

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.

hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come. 

But I'll play along...   

The condo proceeds from the HELOC used as a down payment will not be taxed.The tax will come into play when the condo is sold.

It can also be used to track and pay mortgages, taxes, insurance, and other expenses.How to get it: The Empower app is available from the App Store for iOS devices or Google Play for Android devices.Cost: Free2.

Of course, I had learned to play by the rules a little better by then. :)

Hey BP, I am currently playing my last year of baseball at the University of Memphis.