Purchase price: $516,000 Cash invested: $600,000 Converted mixed-use 3 residential and large commercial space into 5 residential units and one mixed-use Building.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

What a great start to building wealth!

In the late 1800s, the arrival of the railroad helped Washington expand further and attract new businesses.The city has a rich architectural heritage, with many historic buildings from the 19th and early 20th centuries still standing.

The commitment you have to build a strong future for yourself and your child is truly admirable.Listen to this podcast from last year - The EASIEST Ways to Save More Money | 24 Money Tips for 2024 - I hope this helps you! 

I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon).  

The issue I take with anyone looking for an app instead of building their own is that it misses the forest for the trees.

My best piece of advice is find the most nit picky building inspector you can.

Just in case.Ultimately whatever correlates with your future plans but a solid way to build long term wealth.

While I help people find their dream homes daily, my true passion lies in real estate investing and building long-term wealth.