The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

The more you know, the more prepared you’ll be.2.Find Your Strategy: Real estate offers multiple paths—flipping homes, building rental portfolios, commercial investing, etc.

my partner Edwil specializes in gap .

Navigating regulations and managing properties can be complex, but with the right preparation, you can find success in this dynamic landscape.Also, Colorado is such a beautiful state that it would be a shame for you to move out of it!

So yes, to answer your question, I’m well prepared for whatever I get myself involved in.

As a lender who specializes in financing for real estate investors, I understand the unique needs of the BRRRR strategy and can offer tailored solutions to fit your goals.Here’s how I can support you:Flexible Financing Options: Various loan products designed specifically for investors like you, allowing for quick access to funds for purchases and renovations without the stringent requirements of traditional lenders.Experience with BRRRR: Having worked with many investors using the BRRRR method, I can guide you through the financing process, ensuring you understand the best strategies for maximizing your returns.Quick Turnaround: With a streamlined application process and quick approvals, you can move fast when you find the right property.Personalized Support: I’m committed to building strong relationships with my clients.

Just be prepared for winter if you are moving from a warm climate.

Special thanks to Marco, Hendra, Joe, Mercy, Hadar, Chris, krista, Remo, and my other partners in deals - Greg, Darren, Ray, Christina, Debbie, Keoni, Dmitriy, Jonathan, Vlad, Jaideep, Alex, Jason, Christine and many more for letting me be a part of their journeys.

Are there permits and special licensing for STRs in Indianapolis?

Some lake front properties on septic require some special things to keep the effluence leeching into the lake.