However, if you are going to take advantage of cost segregation, I would recommend working with a CPA that specializes in real estate such as Michael, Ashish, etc. or I'd be happy to provide additional recommendations rather than doing it yourself through turbo tax.Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Hi Ambrea,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

Open a personal account, use their banking services & if you can demonstrate a track record of executing on the real estate loans they fund for you, these relationships can really accelerate your growth.

I will try to find actual real-world values and maybe with the two methods I can find a middle ground?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I first got started with real estate by buying a 3-flat on a whim 5 years ago and now I am back for more.Happy to meet everyone!

Good afternoon everyone, I am 21 years old and interested in starting my real estate investing journey.

Supply & DemandUnlike financial markets, real estate prices and rents are driven by supply and demand.

In addition to what others have already shared, I'd suggest meeting with a local real estate attorney.

They offer all of these bells and whistles to sell you a grossly marked up home that they set the sale price and then knock off (Ghost funds) fake credits.Then if they leave that area and do not build any more high priced homes guess what happens real fast.