I’m thrilled to be a part of this wonderful community of investors.Whether you’re looking for insights into the commercial market, need advice on your next investment, or simply want to discuss trends over a coffee, I’m here to help.

Why do we all say that, because it simply was. 

Your comment about building more houses/increasing supply to make housing more affordable seems to indicate that you are referring to simply increasing supply to lower prices.  

I have identified i want to go down the Multi Family route, just time to find one that works and get it bought!

The 1031 can defer capital gains taxes, but it’s crucial to identify a like-kind property and complete the exchange within the IRS timelines.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

I do a lot of deals that HML simply wont do..

Doing so ensures they've had notice sooner rather than later, and also so they know I'm running a business and not simply enjoying a hobby in real estate.On the other hand, if the tenant doesn't pay the rent when due, the law in Michigan only requires a 3 day notice.

Bonus depreciation could be a viable strategy to offset your $300K capital gains, but it typically applies to specific property components identified through a cost segregation study rather than the entire residential property itself.

Get in there asap and inspect the unit and identify what needs to be done before a new tenant moves in.