Here is the quick question: My mother in law is looking to sell bare land in Idaho that is owned outright.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

I hold all of my properties in land trusts with a third party trustee.

House hacked basement rental since 2017 and then turned that primary into full rental to buy new Primary and repeated HouseHacked Basement 2023.  Property manager helping to guide, and now stepping up to next level wi...

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

Because the land already has all the utilities infra that it's needed water, sewer, electricity.

Learning as we go since we had the house anyways .With long drives I discovered Bigger Pockets and it has lit a fire under  my tuckus to get more properties and keep the ball rolling Thanks for the advice -More data analysis and research for whatever we 1031 into next will definitely be a priority .Best-C.

Hello,
I am a new investor in the metro Detroit area.  I have been learning about real estate investing for over 5 years and finally took the first big steps this year.
I purchased a short term rental in Bellaire, M...

In real estate, a huge part of the value we can create as flippers is tied up in the location, but it is also tied up in the improvements we put on that land.  

From what I hear, cold calling can be effective but generally it'll take 200+ calls to land even a few possible leads.