Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

This was a massive warehouse with racks 6 levels high.  

BP team - I have 14 months to properly prepare and plan a massive deal via 1031 exchange to spend $750k. 

After completing a massive gut rehab, I’m now looking for minimal value-add opportunities.

Yeah, you COULD make $500K in a year by taking on a massive remodel and adding sq ft, or doing a new build.

So if you suddenly find a great deal and want to go for it, a tax return showing a massive loss could hurt your pre-approval chances.That said, if you’re not planning to buy anything else soon, deferring the depreciation might not be a bad move.

You can also see into the yard which is a massive negative for tenants.

Huge props for sticking it out over three years—breaking ground soon is a massive win!

I also have a personal relationship with my contractor so got a massive price break.