*This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

Cleveland is especially interesting because you can find multifamily properties at lower entry prices compared to other markets.Network locally – While connecting online is great, building relationships with local realtors, property managers, and contractors can really accelerate your success.

As many have mentioned, Memphis is an excellent market to target for investing and your boots on the ground team will make all the difference. 

You can transfer the rental to an LLC after the purchase, though this may trigger the due-on-sale clause, so check with your lender.This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

Nothing will change your relationship faster and for the worse, than when you do business with friends or family.

A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County. 

We build our models in excel and try not to over complicate them (even though ours is pretty complex).