Hi BiggerPockets community,I’m an 18-year-old just starting my journey into real estate and wealth building, and I’ve been following the strategies laid out in books like The Book on Rental Property Investing.

Thanks in advance.

I have 5 years of real estate agent in Central Indiana.

So if Texas has no state income tax I dont think you pay tax on any loans in other states.

Thomas, That is like saying there is only one real esate class you should invest in.

@Justin Woods In order to utilize a cost segregation study, the property must be an investment property and placed in service.

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

In addition to running the "Illinois Real Estate Investors Association", I manage a mobile home park in Belleville, IL.

You ignore the DNC at your peril, once I got 2 demand letters in the same month I paid them and decided to take it seriously.