I have a nice recommendation list of providers from my RE agent, but a lot of those do not provide coverage for a Quad property as supposedly they are considered a commercial property.So I wanted to ask here1.

I have an incentive of $25,000 for going with the builder-specific lender, and I'm trying to figure out the best way to utilize it.

     Firstly, this post is for anyone and everyone who hasn't had the opportunity to properly introduce themselves in the BP community.

A cost segregation study was performed on this auto repair shop in Nevada with a depreciable cost basis of $1,250,000.

@Trenton MillerHey Trenton,Land valuation is the most important skill you will need to develop, and honestly, the only way to be better at it and not just take someone else's word for it is to truly understand zoning.

Periodic 1031 exchanges when appreciation stalls out, or performance goes down, or trapped equity is costing you return are all great strategic moves.

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

The only thing that matters is getting her out right now.

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