This approach allows me to structure deals that benefit all parties involved and unlock unique opportunities in the market.I'm eager to connect with fellow investors, share insights, and explore new opportunities together.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I am getting ready to get involved in real-estate for the first time.

Maybe he was legit at some point, as I know some good people that are involved with him and vouch for him. 

Many private lenders might ask for as little as 10-20% down, depending on the property, your experience, and the amount of risk involved.

The money involved is not a lot.

As of today, I have involved in more than 6 deals (as both GP and LP) because of the networking within the community and recently close a JV 44 units deal with fellow community members because of the community alone.

my cleaners do charge extra if there is a pet, as they said extra is involved.

One of the greatest advantages of the U.S. real estate market is the relative ease of finding off-market properties, either through local or nationwide wholesaling companies, or by setting up a fairly simple marketing system to generate off-market leads.As a marketer and investor from Israel, I’ve been involved in these markets since 2019, so I have a pretty good sense of what you're referring to.

However, if the renovation is deemed an improvement (since it involved a full renovation), it likely needs to be capitalized.