However, I recognize that I still have a lot to learn and would greatly appreciate any guidance from experienced investors, especially those familiar with the Indianapolis market.If you have experience in real estate investing and are willing to share your insights, I would love to connect and learn from you.Thank you!

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

Interest Rates and Mortgage RatesImpact on Buyers: Higher interest rates can make borrowing more expensive, reducing the pool of potential homebuyers.

But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.

It is an older community without a lot of growth.

We believe that to solve the ongoing challenges surrounding affordable housing, we need more units - supply & demand.Looking ahead, we have another reading scheduled in August to allow for 135 single-family homes.

I live Austin and I am trying to learn more about wholesaling.

As rents and home prices rise, long-time residents are being squeezed out.Worcester is increasingly becoming a bedroom community for towns like Marlborough, Hudson, Natick, and Framingham, as those areas become more expensive.

But realize also that if you pay off a 2.99% loan your payment on the DSCR is most likely going to skyrocket and eat up a lot of that  cash flow.  

Prior to Oct 1, we just signed an ew lease with an existing tenant that maintained a security deposit of more than 1 months rent but less than 2 month rent which was the previous limit.