hahaYou know I love you mateThey have various inspections CheaperDigital and easy to understand portal Best if you need to do more inspections over a year as all data is tracked and in the same placeNo BS PDF’sWe love them mateThey are another component that we added in order to pretty much make our entire operation digital and to not be dependent on local and incompetent folks 👍

Hi @Fiona Humphrey and @Melinda VaughnundefinedAnd anyone else on this thread.Melinda, what are some of the components you find necessary to set the contracts up correctly?

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.

Does anyone have experience with constructing new multifamily communities or homes, etc. that could help me better understand how to project costs on infrastructure/site work component?

(happy wife happy life)I have seen marriages lost because one did not have their partners support - so it is a key component in that journey.

There is 3 primary components, ingredients, required to achieve such elevation of self in financial success your speaking of. 

Two critical components are key to legally performing the above scenario. 1st, there must be consideration for a real estate transaction to be valid.

Keep in mind @Mario Morales that they take premiums, invest them so there is a profit component on invested returns, and hence amplifies how far the $ can spread on payouts. less than stellar returns and expanding claims, yes, rising premiums is a certainty.