I would like to buy a multifamily property within the next year with my younger brother.

I have made some investments in Canada and now i would like to expand my horizon to cash flow properties in the US.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

I began my real estate investment journey in 2020 by purchasing my first property.

We ran my in-laws mountain/lake STR for 7 years before they decide to sell the property. 

@Alex Bekeza hi awesome, I’m currently looking to purchase my next investment property then after work on my first flip, if you have to to discuss via email or txt that would be amazing I would love to pick your Brain :)

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

I’m planning to begin the construction of two units on my single family rental property that currently houses a tenant that’s been there for the last 6 years. 

Since you own a single-family, your first decision will be what to do with that when you do decide to buy another property? 

This property has double the price value in 2 years.