Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

Now here is something that I hope changes.

Exchange now at 500k over basis into income property with lease back and put option for 300k more. 

Some appraisers are just going to choose comps on the less favorable side of the spectrum. 

Now, we own 65 apartment units and 80,000 SF of commercial warehousing.Let me know if you have specific questions. 

Right now there are areas of the country that are slowly depreciating at a 2.5% rate.

Now that it’s a rental, you can deduct mortgage interest, property taxes, insurance, repairs, maintenance, and depreciation to reduce taxable income, but depreciation will be recaptured at up to 25% if you sell.

After stopping by to see and knocking on the door, no answer to get in contact of the owner, I looked up to find the home is now 4  years delinquent on taxes.The house is needing much work unfortunately and with taxes being delinquent, the owner may not have the funds to rectify any of the situation. 

Now let's be real, yes housing values are up overall in the city, but they do vary by Neighborhood.

Just curious, what are you using now?