You’re building equit every month, even if it feels slow right now.Also, if you ever want to chat about specific strategies or even just vent about the stress of it all, I’ve been there, and I’d be happy to share more of what I’ve learned along the way.Hang in there;you’re doing beter than you think!

Connecting with others will accelerate your learning process in a strong market with numerous opportunities.Good luck!

Hey Bigger Pockets Community,I'm very interested in learning about multi-family investing and accelerating my education.  

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

For example September is always slow right after summer ends. 

Will the insatiable demand for this slow down ?   

In an environment like that, someone could get started and then scale slow.  

Much of my money goes towards buying land and reselling, revenue is slow but I have accumulated enough land as assets now.

You could've ignored everything with Columbus on it, but chose to take the lead instead (as if you were slowing down the fast lane because it wasn't to your liking).Bully for you that "countless" people agree with you. 

agreed it does not matter for the fully engaged RE professional income varies from year to year.. this is why we hire CPA. it is what it is.. now we can take steps through the year.. like buying things that we can get accelerated depreciation on etc etc..