Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

l plan to use that money to start investing in real estate.

What is your plan after rehab.

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.

I am eyeing up a property I want to buy that costs much more than usual so my plan was to use a hard money loan to purchase, and rehab it with my own money, then sell. 

Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

And how would that effect your overall plan?

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

What did they say is the plan?

I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out.