But want to be as educated as possible first.

The first year you took bonus of $1,200 and then took $200 each year for the next 4 years to get the full write off of $2,000.

Hi Kyle,This is the most common question I get asked.Don't waste your time because nobody in their right mind is going to fund 100% of your project.In order to get into new deals, build, buy, flip etc. you need to have some skin in the game.A bridge loan to get the cash out of the property on the market is possible, that can then help get you the cash needed and start this new build.

My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

Purchase price: $55,000 Cash invested: $65,000 Sale price: $140,000 First complete renovation all but reframing--new electrical, HVAC, plumbing, complete bathroom and kitchen demo and remodel.

Hard Money first then a refinance.

Was worth it big time for me.

Very stressful time in my life. 

If you are not it is time to sell while you can sell tax free.

I had it prior but had to make a career choice about 5 years ago when I was working for a dealership because it was too time consuming to keep it open.