Contracts, comps, hard money, sub2, brrrr etc. 

I’m diving into U.S. real estate and debating between two strategies: buying new single-family homes directly from contractors to build a portfolio, or going the BRRRR route.For both options, I’m looking at markets in the Sun Belt region.

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.

If you have any tips and tricks and best methods to getting my first sale that would be very helpful and appreciated. 

Consider using the snowball method to help you eliminate debt.

Another benefit to purchasing Turnkey would be they in all likelihood would have vetted the tenant and would have methods in place to make sure a higher quality of tenant was delivered.

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

(Using BRRR)Prices + Loan rates + not-great-looking cash-out refi's are making me look outside CO.Do any of you have experience in or know the real estate market for BRRRR for MTR purposes in KS (MO vs KS)?

Since then, I still do some creative finance, but also do many BRRRR which also I have to buy them at a healthy discount.

The legal method is to file for an eviction and slog through the time-consuming court process.