Quote from @LeOla Fletcher: Hello everyone,This is my first property bought April of 22 @342,000 w/a 3.7% interest rate.

But I happily admit I never bought anything (due to above impression).

I bought a multifamily property that was undervalued, so working on renovations and improvements now.

Hey Julie, in Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

.: Hello everyone, i am based in california bay area. recently bought a house in  Sacramento CA.

Quote from @James Harryton: I recently bought a home in Avon park Fl.

Stores like Home Depot or Ace will have products specifically designed for removing difficult adhesives, but you can also DIY with household products.

We actually started when we bought a property to buy and hold but it ended up not being a good fit for our portfolio so we sold it.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

It'll take a year-ish to stabilize the property and to work out the kinks/maintenance that you did not know about when you bought it.