When considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...Feel free to reach out with questions!

Anybody else's answer doesn't matter. each state/ title companies will look at quit claim deeds differently..

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Understand the risks in different areas, such as flood zones, as they can come with higher insurance costs and more risk.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

Another positive is that it looks like a lot of the hillside owners have a good amount of equity and it's possible that you might be able to find a good off market deal on one of them.

That first deal can definitely feel like a big step, but trust me, it's an exciting journey.Starting with Brandon Turner's book is a smart move.

I am finishing up my first fix-n-flip deal and am looking to connect with others and see what value we can bring to each other while learning about other markets in the US.

What they aren't is: "are you ready to buy this deal?"

Her original post is a borderline attempt to make deals in the forums.