Hi, beginner here looking to join a real estate group in indy.  

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

Yes quite a few of our 5,000 options have rate and term or purchase!

Quote from @Jonathan Worrell: Nice to meet you.

Do that for six months before you think about buying so you meet other people who are doing what you want to do.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

High interest rates are deal killers IMHO.

I started off doing long distance BRRRRs until the rates went up.

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

The lower rate or longer term can also make the payment more affordable.