The building was completely transformed over the next year and a half including a new addition to How did you finance this deal?

Depending on the asset purchased, it will depend on the time that it was purchased.Real estate is placed into service via the mid-month convention.Therefore, if you buy a property in August 1, it is assumed to be placed into service on August 15th which gives you 4.5 months of depreciation.If you buy a property in January, you have 11.5 months of depreciation.However, if the asset you purchase is eligible for bonus depreciation, most of the depreciation would be taken in this year.Best of luck.

No, cash flow can be a bonus and a penalty at the same time. 

You step in and offer them a creative finance solution that looks like this: (these are real numbers btw):Seller asking: $275,000 for 3/2 Single family split level, 1400 Sqft, with bonus room in basementYour Seller Finance terms as follows:Down payment: $20,000 cashSeller carry back financing amount: $255,000Terms: 5 or 7 year note with balloon @ 2.75% (or any negotiated terms here)Principal & interest: $867.61 per month (wow!) 

The pension amount at age 39 is not enough for me to feel comfortable, so my long-term plans are to start a small business and invest in real estate to position myself where I don't even need my pension, and it's just a bonus.

No 1231 treatment.Third, with the cost seg study, you only get bonus depreciation if you didn't previously have an interest in the property. 

I started listening to the podcast and posting here a decade ago and it's been transformational for my life and business. 

Whether you pay off the properties or keep them, don't forget that you can do a cost segregation study and use bonus deprecation to off set taxes.

General contractors in Greenville, NC, are the architects of your vision, transforming ideas into reality.

You can consider paying him more for his exclusive time and give you a bonus for completing ahead of schedule.