Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

I have helped Canadians purchase real estate here in the past.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

But one thing is for certain - if it's off-market, you have a much greater probability of getting to the the desired purchase % you are after.

Bonus depreciation recapture is based on the year that is placed into services.As of right now, the bonus depreciation for 2024 is 60%.It is not likely that they will change the bonus depreciation retroactively to 2024.If they change the bonus depreciation for properties purchased in 2025, it will have no impact on a property you placed into service in 2024.

Why do you think purchase contracts are so long and have such small print?

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

Why do you think purchase contracts are so long and have such small print?

Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?