I am a resident of Virginia and purchased a rental property in West Virginia during 2024. 

My first purchase, first property, I had a great realtor.

@Ricky Sanchez Since your vacant lot is titled under your LLC, a 1031 exchange requires the replacement property to be purchased under the same entity.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

As I purchase this in 2025 and have 0 personal use throughout the year I then plan to cost seg and use that for bonus depreciation (or what is left of it before phase out)... and wondering what % of furnishings I can deduct?

Purchase price: $120,000 Cash invested: $150,000 Dilapidated house.

Purchase price: $20,000,000 Cash invested: $13,000,000 Sale price: $20,000,000 This property is not for sale - per-se What made you interested in investing in this type of deal?

I’m looking at purchasing a quadplex in New York City, where all four units are rent-controlled, with two units vacant and two still occupied by rent-controlled tenants.

They were rehab properties so I purchased under a construction loan.  

Purchase price: $325,000 Cash invested: $2,485 Long term investment.Hey @Kevin Gamboa.