For example, parts of the building that are considered personal property or land improvements (e.g., landscaping, parking areas, lighting) can often be depreciated faster than the building structure itself.

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

One program that has always been very interesting to me is the $1 land purchases.

My family and I nearly landed in A2 back in 2017.

We are fortunate that land development is something we've been doing for several decades, but each site presents its own challenges and rewards. 

@Sachin Amin based on the push back from the lender, it sounds like this is vacant land that you intend to develop into a multi-family building.

      I am looking to get some advice on the best ways to buy land and create a food truck park in TX. 

Source: Boston Properties Rises to the OccasionSource: Major makeover planned for Reston Town Center's common areas — their first in 30-plus yearsSource: How Fannie Mae helped Boston Properties land Volkswagen's U.S. headquartersBoston Properties is not the only firm looking to massively develop the area, with the approval of Rivana at Innovation Station, which was approved last year for a 103 acre, 9 million square foot Urban Center, with first occupancy slated for 2027 right by the new Innovation Center Metro, just 4 miles from Reston Town Center.

We have already been offered 209k for the land itself, and it's likely able to fetch a fair bit more.

Land contract is what would work best for you in that environment.