Quote from @Vince Abernathy: BRRRR Strategy - First property....

Quote from @Lee Banks: Hi my name is Lee I'm looking too buy my first rental property and but I feel as if I need a mentor to watch, I still need to learn the basics of real-estate does anyone in New York do programs or mentorships and where would you start if you first started real-estate today  Hello Lee,I'd recommend looking up local meetups here on BP, meetup.com and, eventbrite.You can also call around to speak with RE investors and professionals in your target market to begin making connections.With so much available information online, I'd recommend speaking to a few people and doing independent research before committing to mentorships.

Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).

For context I have a tenant who has been in the property for close to 10 years.

The property isn’t worth what he paid for it. 

Quote from @Hazel Anderson: Hello, bigger pockets pros, We have a rental property in Columbus and we are looking for a contractor who can replace the existing basement window with a standard sized window.

So, the wholesaler can say things about a property with MUCH MUCH MUCH less scrutiny than an agent can.

However, I've NEVER had a note called on any properties and the vast majority were "subject too" and/or owner financing.

My accountant's office called me the other day and let me know that I could amend my 2022 tax return and claim losses due to Hurricane Ian to a primary residence property and a investment property. 

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.