Purchase price: $240,000 Currently practicing co-living with 4 tenants for the past 10+ years and looking to scale to more properties this year (at least 1 property per year) What made you interested in investing in this type of deal?

I use Chat GPT to help me practice Spanish since I found a video about it on YouTube.

Evaluate the debt-to-equity ratio and consider the long-term sustainability of the financing strategy.Lack of Professional Management: Inadequate management practices can lead to operational inefficiencies, tenant dissatisfaction, and decreased property value.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I see a lot of need for hosts to connect with others to share best practices, problem solve, make connections and so on in a live, interactive way so that is the purpose of this group.

This is standard IRS practice and means that when your management company receives money, it's considered as though you, the client, have received it, even though it hasn't been sent to you yet.

Practically you should sell it.

In my professional life, I work as a construction sales professional, primarily in the commercial and industrial sectors.Goals:My journey in real estate investing is driven by several key aspirations:Applying theoretical knowledge to practical investment scenarios.Connecting with fellow investors to share experiences and insights.Exploring collaboration and partnership opportunities for mutual growth.Committed to continuous learning and professional development.Building a sustainable real estate portfolio for long-term wealth creation.Why Syndications?

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

What is the best way/strategy to pull your equity from your home? I am looking to attempt this next month (May), but if anyone has had any successful stories or opinions on it, I would appreciate any feedback!