Similar to a broker’s opinion of value, this analysis is less detailed and may not follow USPAP guidelines.Replacement cost method: This methodology is supported by a 1982 tax court case, Meiers v Commissioner (T.C.

I did my due diligence with researching GROUNDFLOOR, the investment property, and the details surrounding the loan.

Or that health insurance is increasing due to increased cost of healthcare, so no inflation to report there.

I’d be happy to share more details or help if you’re ever thinking about investing in this part of the world!

He had a strong portfolio with solid cash flow, but the big banks just couldn't see past their standard debt to income calculations.What finally worked for him was connecting with a local community bank that actually took the time to understand his overall financial health.

Let me know if you'd like more detailed guidance on getting started!

I appreciate the info provided so far, but I have more questions and I don't expect freebies from pros like yourself.I'm looking to get together a semi-solid idea of how this all works before I drill down, in depth with my usual accountant in a couple weeks (if I still decide to drill down with my usual accountant after learning more info on what I'm trying to do - from you or someone else.)My usual guy can't get to me right away and I'm in a time crunch, if this deal is going to happen the way I want it to (bonus depreciation decreasing by another 20% on Jan 1st)I really just need to understand Bonus Depreciation, in detail, and as it applies to my situation.I'm brand new to all of this.

Read books and listen to podcasts to supplement your knowledge and to use for better questions, more detailed, and then when you pair that with meetups and your motivation, you are on a great trajectory.

@Michael SmytheThanks for the detailed message, this is extremely helpful.

Quicker build times, no external factors (weather), precise details.