What really makes the difference in real estate investing is practical knowledge, networking, and hands-on experience.

These agents often have exclusive access to properties that aren’t publicly listed, and networking with them increases your chances of getting the first look at these hidden gems.Build a professional network Build a professional network of wholesalers, contractors, and investors using real estate forums like BiggerPockets.These real estate professionals often know about potential sales before they become public.

Hi All!
I'm currently looking to acquire more deals and would appreciate any tips on finding legitimate private lenders. I have vetted and used contractors over the years, but the only thing holding me back is fundin...

It was also great to build my network and the lawyer ended up sending me some deals that came through. 

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

For tax-free gains, consider a Roth SDIRA.This post does not create a CPA-Client relationship.

Just networking. 

Over the past 10 years we have built a large network of partners and clients.

The last thing that comes to mind would be moving the funds to a rollover IRA and withdrawing them with help from your tax advisor or CPA to qualify for the first-time homebuyer exemption. 

(My assumption is it may be tough to prove enough material participation if using someone local to manage.)Two things worth noting:1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals..