My name is Cam, and I discovered BiggerPockets on Spotify.I'm 25 and bought my first multi-family property about a year ago.

One component of our communication consists of monthly news updates on the portfolio and individual site performance, which are uploaded to our investor portal, including monthly reporting of financials and individual facility performance.

There is 3 primary components, ingredients, required to achieve such elevation of self in financial success your speaking of. 

We discovered this deal through our network of real estate contacts in Kansas.

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

However, I discovered on my own that the city ordered the property to be demolished in 2022, which I’m okay with.

A streamlined process for cost segregation studies: AI is able to help streamline the cost segregation reclassifications by analyzing and identifying property components into their appropriate useful life more efficiently than traditional methods.The ability to identify eligible tax credits: AI is able to sort through and analyze a vast amount of tax laws and regulations in order to attempt to identify potential tax credits available to the real estate investor.

moment when discovering different color mailers, envelopes, and stamps.18.Research what mailer or letter works best.

Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.

As a listing agent, I explain to seller that an inspection can be more protection for them, anyway, because 1) buyer waives right to repair anything discovered in the inspection if not negotiated during inspection period, so fewer surprises at final Walk Through, and 2) buyer less likely to succeed in blaming seller later for something even their own professional didn’t find (unless seller was really hiding it).