I have been involved in real estate transactions for about 13 years now and I have a new interest in wholesaling and light fixers.

what are the details involved with the move?

Andrew, your lawyer was talking about a cost segregation study.It involves identify and separating short life assets from your new property basis and depreciating them separately, thus accelerating depreciation.For example, you can depreciate a 200k property over 27.5 years, ORUsing cost segregation, you determine that you have 20k in 5-year assets within the home(carpet, fridge, AC, etc...)You can depreciate the 20k in assets over the next 5 years and depreciate the 180k for the property over 27.5.

I would HIGHLY recommend that you get involved with ALL of your local RE club meetings, NOW.

That is how you end up with a 6% - 6.5% rate today.If a US lender is offering 1% mortgages, its only because they are deferring the other 4% plus to a balloon payment down the road 1 year or 3 years later, which sounds good up front but will cause an estimated 1.7 million foreclosures in 2007 because of these sneaky (but legal) loan practices.We have found a way to bring Japan's financial stability and low financing to the rest of the world.

Hello,I've been hanging around the Rehabbing forum a lot lately, but for me, I will most likely be involved in a single family detached house development.

Spend some time getting involved around here and you're very likely to find them.

It was the best move I ever made, as it set me on a course to become more involved in real estate.

That is when i'm hoping to get more involved in this group.   

I charge more for any research I do or leg work involved.