My name is Christopher, I have studying real estate investing for probably about 7 years.

Relationships are key in this industry.4.Analyze Markets: Whether it’s your local area or out-of-state, study the market’s potential for growth, rentability, and appreciation.5.Take Action: You don’t need to know everything to get started.

In fact, according to a recent study, regulation “imposed by all levels of government accounts for an average of 40.6 % of development costs (NAHB, O’Leary).”

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 or 39 years.

In situations like this, it’s definitely worth considering a cost segregation study.

I would add on for research the podcast “ We study Billionaires” they have recently done a split in their podcast.

I put a classic remodeled Airstream in my backyard.

I have not heard of the IRS challenging, much less overturning a professionally done cost segregation study. 

I need to study all the options.

I wouldn't call West Milford a classic hold market so you want to consider that.