I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!

Lease risk: is it truly full NNN?  

You can make more money if you have full control, but your time needs to be considered. 

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’s great to hear about your progress from flipping homes to turning it into a full-fledged business.

It will go down by 50% as we get closer to full.

Get a cheap course, join a good brokerage that has enough full time agents that will help you by taking you under their wing - that is going to teach you more than the course you buy and take. 

Helix is always offering a 20-30% discount on their website so it's not a full half off offer but it is still a significant. 

Also the majority of those costs to covnert to a 2nd unit will need to be capitalized and depreciated, but some things (new appliances, flooring, paint, kitchen cabinets) can be shorter year assets vs. across the full 27.5 and IF it turns out that unit is > 50% you can use bonus as well on those items.

I have been looking into side hustles, but with my current full time job, it’s easier said than done.