Is it possible to start to realize the loss on 2024 taxes?

We're starting to see more HELOCs and 2nd mortgages on investment properties nowadays.We deal with pretty much only real estate, investors and self-employed borrowers.send me a direct message and I'll get you a little bit more information.

If you're just starting out doing a deal or two together, the partnership agreement doesn't have to be that fancy.

Thanks For the Advice @lydia &  @Ray Hage, thatsh helpful. ive Just started the online training and about 3hrs into the 75 hrs so Wish me luck!

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

Start with the list criteria that will put you in front of likely sellers.

@Timothy Villa Congrats on starting your journey in wholesaling real estate!

And if you're not already using the same paint color on all properties, you should start and you can thank me for this tip later.

You can read about the differences here: Cost Segregation Study Approaches ExplainedLet’s first start with what the approaches:Detailed Engineering Approach from Actual Cost RecordsDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling Approach"Rule of Thumb" ApproachSo which of these approaches is required by the IRS?

When they started screwing with us last week about appraisals and then having to give them an ‘after reno’ price for the house when they had no idea what we were doing the house to increase its value, I did mention to the partners I thought we’d been scammed.