The depreciation schedule in the senate bill is a massive change that combined with the new rental income taxation rates, could increase cash flow something like 12.6% for investors in the top bracket and non-residential commercial properties.In low cap rate areas this could really produce some crazy high taxable losses for the top income earners.

Warren Buffet never looked at the economy or the stock market to make investments.

But I can't help but feel massive changes like this won't have an economic effect in the housing market.Profit deduction on home sales: People may not move unless they really have to...or they will rent out their house until they can sell it (if they've lived in it long enough) without facing a tax penalty.  

If it's not, well then, you're either in a warzone or you've massively underestimated your ARV. 

It was for sale for $700k just a few months ago (still cheap) and although, yes, the rehab will be massive and expensive, I love the idea of and concepts found in commercial investing and I feel this could be a great opportunity (you never know if you don't look).

There is a valuable business less here, which is treating your customers right and giving them massive value.

After looking into it further (since purchasing) I realized that because of refinance rules (see matrix above), even with the massive appreciation I have experienced from being in this market, I would basically end up with the same mortgage (65% LTV) giving little cash.

I think the biggest advantage to costar has to be the massive research base they keep expanding to create an informational barrier to entry in the CRE data industry.

Here is the link:https://www.biggerpockets.com/forums/521/topics/53...Glad to hear you have a great mentor--it's a massive help to have someone experienced to bounce stuff off of.

We have never found the inspectors unreasonable and we have been building in Chicago for almost 20 years (completed a massive gut re-hab on a Bronzeville greystone late last year).