The non performing side will be great  if  when we have to handle a foreclosure but we would rather be creating our own notes and, occasionally, selling performing ones to recapitalize.We are still actively engaged with Eddie Speed and Note School, learning, changing, adapting on the performing side.  

But I think the majority are not adapting to say the least. 

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

And the ability to adapt is critical: we have seen so many STRs pop up in Milwaukee over the last years, that only the best thrive.Speaking of it: next week at RPA-CON we have a session about STR vs LTR.

I had been doing multifamily investing for the last 6 years full time,  every day You can learn and always you need to adapt to the market ...Message me we can meet in Doral Luis MFPartners

Keep adapting, keep trying, and keep attacking in every direction.

The city's Climate Action and Adaptation Plan aims to make San Antonio carbon neutral by 2050, with significant progress expected by 2025.

The rest of 2024 and early 2025 will likely reveal more about how different segments of the market adapt to these unique conditions.

Focus on maintaining flexibility in your financing and deal structure to adapt as the market evolves.Let me kno if you need more specifc recommendations on property types or want to dig deeper into 1031 strategies!

**Listen and Adapt** - **Gauge His Reaction**: Pay attention to the seller's response and be open to his thoughts and concerns.