It offers a great opportunity to learn the ins and outs of the industry while building a network. 

Keep in mind, I’m based in the Binghamton, NY area, which is more of a cash flow market with slower appreciation compared to other areas.

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

Continue reading as much as possible and couple that with your ability to network and meet people in the industry. 

For your $2M property, a cost segregation study estimates $316K in first-year depreciation (compared to $28K with standard straight-line), potentially saving ~$117K in taxes at a 37% rate.

We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book. 

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

This five-year expectation has become the industry norm.

When you researched markets like Austin las Vegas Miami, those markets have higher land cost and are more cyclical in nature tend to have larger price swings compared to regions with lower land costs.

Looking to invest with Praxis, but wanting to compare their current offering with a couple more.