This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

To start your first BRRRR investment, define your investment criteria, focus on submarkets with favorable cash flow and rehab costs, build your team, analyze deals using tools like BiggerPockets BRRRR calculator, and start small.

Excited to utilize all the BP tools to analyze the market for new opportunities. 

What do you guys suggest as must have, or most used tools?

List it on AirBNB and VRBO and use the built in tools.

While I don't know the nuances of what my tax guy does with my records each year, effectively everything goes into your "inventory cost" or "COGS".  

Your write offs are also not effected, so you can write off miles also as an individual owner.

We’re upfront with sellers, letting them know we have no intention of buying the house ourselves but instead plan to wholesale it.This approach of honesty is so remarkably effective that we often don’t mention wholesaling until we've made the decision to wholesale rather than buy the property and flip it.What many wholesalers don’t realize is that by embracing honesty and transparency, success becomes exponentially easier and faster than by resorting to deception.With transparency, there’s no need to hide or pretend.

My market is slowing down.Would you mention this saying something to the effect of "I understand you are exploring other options.

It would effectively end everything they do.