Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

NETWORK!!!

Then rinse and repeat (-:I’m on the hunt for good deals and am particularly interested in learning more about auctions, sheriff sales, and networking within Northwest Indiana.

Yes, my cpa told me the same thing about depreciation. 

If you sign a lease with a nursery school teacher and CPA with credit scores of 800+ with a 3-year-old, what’s the likelihood that they will suddenly start cooking meth and destroying your property? 

Hello, i’m a Michigan real estate agent looking to network

This would probably cost a little more in the beginning but the ROI is much better in my opinion.OR network with other investors who have connections to wholesalers in whatever market you are looking into and buy the properties from them. 

Network with local investors, understand local laws, and consider owner-occupied financing options.

My objective is to establish my network in the region prior to my arrival.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?