This last year I've worked with a company, expanding their entertainment concept into vacant/closed big box retail spaces across the country.

Hi all,I am in Omaha, NE and have done private acquisitions for a local real estate investment company and am ready to pursue my first personal investment property.I like the concept of peer to peer or hard money lending and wanted advice or tips on best hard money lenders for “first timers”...Any recommendations?

An LLC is a legal concept providing liability protection.

Less money out of pocket = increased return on your money.A simple example illustrating the concept; 300K senior loan.

@Jung Won Kim the IRS' meaning of depreciation is based on the purchase price, and date of purchase (placed in service date).Even though it is based on the concept that the value of something decreases with time, the tax definition of depreciation is very different than the bank's definition of depreciation of appraised value.

Completely gutted the property, opened the concept, added a full masterbath and everything brand new/ up to date on the interior with modern design.

There are plenty of people who do well in flipping, but there are a few reasons why this might not be the best option for you at the moment:- You can lose your shirt if you don't know what you're doing- You'll need enough capital to both buy the house and also fix it up- The market is starting to soften, so flips may not be as easy to sell as they would be in a very strong marketIf your goal is to start off with one property in 2019, one great option for you might be to combine the concepts of flipping and house-hacking. 

Features:3/2 with flex room (4th bedroom possible with frame out closet in large flex room)Large open concept living/kitchenNew roof (architectural shingles, 2017)A/C 7 years old (manufactured 2010)Front and back wooden deckSmall neighborhood, 7 minutes to uptownAcross the street from Elementary SchoolVaulted CeilingsOriginal Hardwoods in living areas and hallwaysFenced in yardStainless steel range and dishwasherWHAT IT NEEDSMaster bath remodel (there is a very accessibly crawl space, so this should be easy according to the contractors I've spoken with)Reconditioning of hardwoodsNew CarpetPaintRefrigeratorNew interior doorsMinor landscaping (one tree removal)ARV: $220,000Repairs: $20,000LIST: $175,000 What made you interested in investing in this type of deal?

I tell him I could give a rats you-know-what about how long he's been doing it and what he thinks, It's my project and my concept, get it done. 

Since our chosen investment vehicle is real estate, it can be difficult to separate our ideas of investment from something as emotional and personal as the concept of home.