I had a very simple answer to that NOPE I had to learn you have to learn it and I am not going to create my own competition given that so few props actually get sold at the courthouse steps.. 

To improve your business going forward, it is important that you recognize how you created the problem.There are a portion of residents that if you give them an inch, they will take mile. 

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

Full stop.An investor can buy undervalued RE, do efficient improvements and create massive value. 

I'd rather just invest in something that would gain value and get deductions through an active business - created for the purpose of tax deductions.

Check out FilePlace, where user-created forms are available for free.

Cost segregation and bonus depreciation may create paper losses during the holding period, potentially offsetting some preferred return income if you have passive income or qualify as a real estate professional.This post does not create a CPA-Client relationship.

As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.

I am located in the Capital Region area of NY and interest in finding or creating some Real Estate meetups!

The website http://goldstarfinancellc.com has nothing to do with me or with Goldstar Finance LLC and has been fraudulently created in order to commit financial fraud through promising loans and asking for an up-front fee.2.