If you have a significant amount of passive income (from passive investments maybe from K-1s or other rental properties), then you could use the apartment rental loss to offset that passive income only.

🎯Your QI should be:Independent from your transactionFree from conflicts of interestFocused solely on exchange servicesClear about their role limitationsPRO TIP: Per IRC §1031(k), your QI cannot be:Your agentYour attorneyYour CPAYour realtorYour relativewithin 2 years of the exchange!

To optimize taxes, consider lending through a self-directed IRA or Solo 401(k) to grow interest tax-deferred or tax-free.

I agree with Steve K.

@Ana Maria A Self-Directed Roth Solo 401(k) is a great option for real estate investing if you're looking for tax-free growth and withdrawals in retirement.

Quote from @Jon K.: Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?

Quote from @Alex K.: Quote from @Chris Morris: Wholesalers in Detroit are making it nearly impossible to find good deals.

Chris if one reads the thread were OP posted about 38 k reno on a apartment unit and others asked questions etc etc.. the OP got quite defensive and rude frankly..

.: @Steve K.

Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?