You can either continue the depreciation schedule from the property sold, and create a new fixed asset for the additional amount invested to obtain the property (Two Depreciation method), or you can opt to treat the new asset as one asset (Single Depreciation Method).

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

Since you can't escape CA LLC registration, if the property is based here, and if you are a resident here, may make sense just to form a CA LLC and simplify your life and your costs.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Good day everyone,I am very interested in buying land to build a cabin(or a few for vactional renting ) as the summer getaway, must be closer to nature and quite close/to a good small town.

Trying to contact them through all methods of communication is the first step - call, text, email, knock on the door, etc.

I'm not familiar with Wisconsin laws but selling or assigning a contract is only one method of wholesaling. 

Do you have a particular formula or method you rely on to make sure the numbers add up?

In our case we all ALREADY had all of our retirement savings in IRAs and 401Ks, so it seemed natural.

Anyway I thought I would share with you my method of contract reading because it might help you in the future.

It occurred to me that the reason I have not been able to find any research on this topic is probably because of this subjective nature and time consuming attribute of this weed out process.Without further ado, my findingsNew construction homes that were bought in 2017 increased in price by 28.3% when they were resold in 2022.