Being able to use real estate to offset taxable income requires some sort of participation on his end.If he wants you to be the boots on the ground, it will likely be hard for him to reduce his taxable income.

This means the buyer cannot write it off immediately but may recover the cost through depreciation over time.To maximize tax deferral, sellers should consider negotiating a price reduction instead of a repair credit to avoid potential taxable boot (excess cash retained).

If you don't already have boots-on-the-ground and a trusted network, it's going to be tougher to do.

If you’re able to dive deep or work with someone who has boots-on-the-ground experience, the returns can be very rewarding.Good luck with your journey, and feel free to reach out if you’d like more insights or resources on Detroit!

@Sonya Sharova I haven't personally done Frank Rolfes boot camp but I have heard it's great.

Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

Gotta work on that reading comprehension, Drew.The second and third sentences of my post are literally:"I lived in Detroit for 5 years before moving out of state, and during that time, I built a strong network of contractors, handymen, and other boots-on-the-ground contacts.

As a realtor, you'll be the boots on the ground.

You can do an exchange for less than the full amount, but you will owe taxes on the boot.

I need a consistent partner who wholesales virtually in the Central Indiana market....Every deal ive ever closed was with someone that didnt live in my market......I am boots on the ground on steroids lol