If you wait until it’s a rental, you might be able to depreciate the remodel costs over time, which could be a great tax benefit. 

As you move up the scale to higher prices, you get more benefits/services.  

This allows you to trade stocks, mutual funds, ETFs, gain access to CD's and treasuries. 3) You can connect your IRA to what we call Wealthbridge which is a private market investing platform, enabling you to digitally invest in private opportunities.

We have the most diverse neighborhoods and each has its own unique investment benefits.

For the seller (John) to defer capital gains via a 1031 exchange, the sale proceeds must be reinvested into like-kind property within 180 days.

Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?

PS: I'm sure I can great a nicer LTV but my business taxes don't show large gains on paper.

I understand the challenges and competition in this field and am willing to put in the time and effort to learn and grow.If you have any advice on how someone in my position could gain practical experience or alternative ways to get started in real estate without significant initial capital, I’d be eager to hear your thoughts.Thank you for your time! 

Would having the license help me save money or gain more control over my projects?

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?