For more information, see Publication 946.The following items increase the basis of property.The cost of extending utility service lines to the property;Impact fees;Legal fees, such as the cost of defending and perfecting title;Legal fees for obtaining a decrease in an assessment levied against property to pay for local improvements;Zoning costs; andThe capitalized value of a redeemable ground rent.Deducting vs.

It's definitely not easy to find cheap properties just laying around like pennies on the ground anymore. 

I'll be moving to the Cincinnati/Dayton area in about year so I'm just trying to network with people in the area so I can hit the ground running when I arrive.A little about myself and my goals:I'm 24 years old and for the past 6 years I've been serving Active Duty in the Air Force.

Do you want to purchase and rehab properties in a different state because if so, that will require you have a good team and boots on the ground wherever you are thinking of doing that.There is no problem at all with purchasing turnkeys.  

Phase 2.

Have your lender extend your closing date - this is totally possible - it would be silly for the seller to start from ground zero again, i.e. find another buyer and then wait for that buyer's financing.  

But keep in mind you're in the learning phase.

These are our stomping grounds.

Is this for a ground lease where the tenant will build?

I posted this in the Wholesaling forum a few days ago and got an awesome response, but I didn't know about this section so I figured I'd post here as well.I'll be moving to the Cincinnati/Dayton area in about year so I'm just trying to network with people in the area so I can hit the ground running when I arrive.A little about myself and my goals:I'm 24 years old and for the past 6 years I've been serving Active Duty in the Air Force.