I think BP is a great place to get ideas for future flips and see what has worked for others.

I’m here to share ideas, ask questions, and hopefully contribute to discussions as I learn from your experiences.Honestly a little overwhelmed at all the choices and intricacies: but excited as well!

Why do you feel these posts contribute nothing to the forums when this particular forum is specifically designed to review real estate businesses?

You are operating a business.

I've also consulted with a lawyer but wanted to check if anyone else has ideas about how best to go about this. 

This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions. 

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

I'm eager to grow my book of business in various markets and connect with active wholesalers.

Have asked a question or 2 on here but have disappeared a few times. 2024 was a busy year for me.

Good idea?