I filed a proof of claim today, hopefully most of my individual account will be repaid.

I have my own business completely independent of the real estate investing, so it does bring anxiety to think of managing myself.

I heard about all these claims from Tiktok and saw many people comment about the loads of tasks they were asked to do before checking out and saying hotels are cheaper. 

. $204K of work was completed, but the owner is ready to dump the property and move on.Arv is worth $800k.

Also, you won't have full ownership rights until the mortgage is completely paid off.Talking about how realtors get paid in Subto deals, the usual commission from the seller might not work if they don't have enough money.

im a contractor, carpenter and welder by trade. ive been working on distressed homes and commercial properties for about 15 years. worked my way from garbage laborer to superintendent on multiple 60-80 unit buildings in albany anf surrpunding cities for a real estate company. ive been on my own for thr last 3 years working as a GC for other investors on fix and flips and im ready to complete some deals on my own with my skills and experience.i have a family home that i grew up in and its been in rough and distressed condition since i can remember. i am going to take on the renovations and get it up to snuff and will need a ton of work. im ready and able and aware or what it will take and im ready to go. i dont have many mentors so most of this is on me with my own youtubing and bigger pockets knowledge, other than that its gonna be help from friends and family. looking for advice on the project and i can give more details, this is my first time posting or discussing about it. any advice, opinions, info from some seasoned veterans would be extremely beneficial. either way looking forward to putting my passion and confidence in a family home thats been abandoned since ive lived there when i moved out at 17. prob will make some mistakes but im ready to learn lessons and gain wisdom through my first one on my own and keep it going as long as i can with other distressed properties in the area and beyond

What are the advantages of claiming her as a real estate professional?

Also noticed since you are a RA - the side story here is he has already done the construction documents , and they won’t meet code , he claims I will have to pay for these changes After the fact because I authorized the completion of the documents , But I was under the assumption that the project designed would have to meet code .

I am looking to invest in my first rental property locally in and around Austin areas and wanted to see if there are any local kind hearted veteran investors who is willing to share their knowledge on how to get started in this process as i am completely NEW to rental property investing. 

It’s 100% bonus depreciation for properties placed into service in 2017-2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and completely phased out in 2027.