Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Need to put in a lot of $ to expand in addition to other things.

Additionally, you can still find the 1% rule (aka positive cash flow) AND you get amazing appreciation potential.

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

One key difference with the platform I’m building is that texts wouldn’t just be stored; they’d be automatically logged, categorized, and tied to specific tenants and properties, making them easier to manage from a PM perspective (along with additional workflows for maintenance & other key tasks).Since you’ve been using your current system for a while, are there any pain points with your setup, or do you feel like you’ve got everything covered?

My best advice is find a place that has a few rooms with square footage to add additional rooms and an ADU.

Alternatively, using part of those funds to pay your current mortgage might help create additional borrowing room.

I would love to get a property in the NW DC that is run down, add additional floors and then make it an apartment building.

Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule.