I feel I am ready to invest again, maybe doing a BRrr method with cash out refinance or perhaps a flip.

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

Hi Patty - it depends on type of accounting method you use. if you are using cash method accounting, you can capitalize and claim in 2024.If you follow accrual basis, you record in a year when service is completed.Hope it clarifies.

maybe talk to some lenders and see what options you have.unfortunately i think the active methods take a lot of time, and the passive methods take a lot of capital.for example - on the active side - BRRRR is a really great but really difficult method. 

Here’s a breakdown of how the BRRR method works and why it could be a game-changer for your investing journey.1.

how can i find someone to lend me money to use the brrr method?

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.

If you have any tips and tricks and best methods to getting my first sale that would be very helpful and appreciated. 

The legal method is to file for an eviction and slog through the time-consuming court process.

Further, these “asset protection” methods are under constant creditor attack through the courts, meaning they are probably of benefit only a short period of time, UNLESS, true CONTROL of the asset is given up.