Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.

The closing attorney or Title company may be the determiner for an answer and usually at this point in the process as an agent I'd defer to them.As an investor, I think I'd want all this squared away before closing so maybe check with the attorney/closing company.

My Wife and I spent 50k up front doing a very big presentation in San Jose CA and got about 200 investors to come..

A 1031 exchange defers all taxes by reinvesting in a like-kind property, preserving capital for long-term investments but adds complexity and future tax obligations.

Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capital gains taxes by reinvesting the proceeds from the sale into a similar “like-kind” property.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

You did a nice job with your presentation overall but you are going to be fortunate to get $600-700k for everything.

The time between when the corrections are presented and the turn time for the designer is really a drag (keep on them).5.

So you need some tangible experience + very quality deal + communication skills to present to the investors.

If you are still very prone to analysis paralysis, turnkey might be the better first choice as a BRRRR is likely to present you with more challenges and decisions to make.I don't know you well enough to know which will be best suited for you.If you have a good team you can rely on for the BRRRR, that will always get my vote.