Note this is not only to rent the JADU, but in strictest interpretation to even have a legal JADU.

After meeting with the seller, I realized he didn't need the proceeds right away, and saw the potential for an Novation.

@Glen Wiley Not yet, I have scheduled meetings with both.

Hello all, is there any investor meet ups in the Phoenix AZ area? 

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Quote from @Charles Holder: @Derrick CamerinoHey Derrick, pleasure meeting you =)I am a mortgage broker here in SA, my wife is a realtor and runs a team we invest and our constantly growing our network.Let's chat when you have some free time. 

I do have tenants who can provide video of things needing repair and meet repair people. 

This order could potentially grant you access to the property for inspection, considering the insurance requirement.If the current insurance policy is unfeasible due to access issues, explore other insurance options that can provide coverage under these circumstances.Keep a detailed record of all your attempts to conduct the inspection and any communication with the tenant, the insurance company, and legal entities.

But this will alienate legal citizens living in severe poverty.....Tough situation...could've been easily avoided.

Moore County REIA Meeting: Tuesday, March 12th, 2024Time: 6:30 PM - 8:30 PMTopic: NetworkingLocation: Southern Pines Growler, 160 W New York Ave, Southern Pines, NC 28387Food & Beverages: Bring your own food and beverage.