If I show all my assets now that equal a down payment to get the ball rolling and start shopping for properties in my price range, but plan on using income I will receive over the next few months as a down payment could that work.

Hi everyone, My name is Ray Scirrotto, I am a 28 year old aspiring real estate investor hoping to land my first investment property soon. 

Lots of nuggets on there but not all episodes focus on REI.That said, Long Island is super competitive but your down payment could land you a deal.This week, we went under contract for a multifamily in Lynbrook and the investor put down just $65K.

The value of some of the locations was reduced to land value.   

I am an Associate Broker in Maine, been helping others get their STR properties, but now getting the ball rolling for my own properties!

Once you get one estimate, you can have an easier time ball parking for other deals.

Quote from @Ashton Rodgers: The last four years I've been successfully flipping land.

Those cost in terms of lost rent, but also cleaning out the stuff that was left behind.If your place is managed by a PM, expect a 1 month vacancy (only once I have had no vacancy with my PM manage places, and once I had 2 months as they messed up and held it for a person-friend of the owner-who didn't put down a deposit and then they dropped the ball). 

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

Also keep in mind the basis to deprecate will likely be lower as land value would need to be considered