But, nice to hear from you.

Initially, we were thinking to make an LLC.

Quote from @Melanie Baldridge: Did you know that Limited partners or real estate investors can absolutely benefit from depreciation?

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

Hey Joel, WELCOME to BP!!

We'd be interested in taking a look and providing an additional opinion to the offers you may be getting.

Even then, you can expect they won't be able to maintain the home to the same level you did while living in it.

I know several investors who choose to represent themselves, but they often end up netting less than they would if they had an agent.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

So just to clarify- I can deduct the cash investment I put into this flip as COGS when I go to sell the property if it takes more than 1 year to flip?