Whether it was a brilliant strategy, perfect timing, or just plain hard work, share the details!

IThe detailed engineering approach from actual cost records, also called the “detailed cost approach” or “direct cost method”, uses cost information from contemporaneous construction and accounting records.

You can either continue the depreciation schedule from the property sold, and create a new fixed asset for the additional amount invested to obtain the property (Two Depreciation method), or you can opt to treat the new asset as one asset (Single Depreciation Method).

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

@Tejas ParuthooliI can answer your question by telling you a story at what points in my life I was developing the software and I asked my attorney if he could write terms of use his response was brilliant he said the best terms of use policy is that microsoft.com they have the largest law firm in the world at that point it was simply copy and paste.I can understand paying an attorney to drop your first LLC but after your first one it's copy and paste.With single family properties you could probably just have one LLC with your umbrella insurance.

Thanks to BP, since 2020 I've acquired 7 units now worth $2.5m via the slow and steady method of house hacking combined with smart personal finance habits I've learned from BP and other within the sphere podcast like Choose FI, Afford Anything etc.

I'm not familiar with Wisconsin laws but selling or assigning a contract is only one method of wholesaling. 

Do you have a particular formula or method you rely on to make sure the numbers add up?

Trying to contact them through all methods of communication is the first step - call, text, email, knock on the door, etc.

I've done the single family method and it was too slow for me and just ate up too much time, although I learned a ton.