Property Details: Property Type: 6-Unit Apartment Building Building Area: 4,500 square feet Lot Size: 3,050 square feet Depreciable Basis: $1,000,000 Placed in Service: July 2021 Results from Cost Segregation Study: The study identified various components within the property that qualified for accelerated depreciation, leading to substantial deductions in the first year.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

But if not, it also may make sense to look for passive investments or joint-ventures with more experienced people.

.- Strategies for building relationships with potential investors that lead to long-term partnerships.- Any unique approaches or tips that have helped you stand out and attract capital for projects like ours in the California market.Looking forward to hearing your experiences and advice!

There are some rules around this transaction and if not done correctly could lead to taxation and penalties as you suggest.

Also just so you know, they are not Hard Money Lender's they are your joint venture partner in every aspect of the deal.

to generate leads.

I have yet to make my first deal and am currently struggling to find leads mostly because I am cash strapped and trying to budget as I go.

I need a checklist for both my leads and deals.

What do I do or say when a potential seller lead ask me for proof of funds to put the house under contract?