Also, I agree with organic growth, we get some inbound leads and referrals and have a high conversation rate closing them, and they've been great clients so far.

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.

My daughter is an Agent in Vegas I suspect they are going to get a lot of overflow as well since there is no income tax there and prop taxs are basically the lowest in the nation.. my mid term rental I have there has routinely been leased out to insurance companies paying for their clients that had a fire .. or this last one they were building a new personal residence that took over a year. 

Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from. 

My clients would definitely agree.

I remember working with a client a couple of years ago who wanted to do a 1031 exchange into Phoenix multifamily.. they had some numbers in mind, but no framework beyond “I want more doors.”

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

Through a client and a lot of research and connections through my Personal Training Industry How did you finance this deal?

Though, if your client base is nice retired people, it probably won't matter.