Investment Info:Single-family residence fix & flip investment in Mesa.

In this case, your profit will be between 12% and 15% of the ARV.

Physician by trade in NC, but interests in prehospital medicine and the outdoors.   

Hi BP family,I am a new investor looking to expand into fix and flips in California with financing and construction team in place.

That's a nice situation you're in, and I wouldn't touch the underlying 2.625% loan.

And who knows what is in store with the jobs market.It also depends upon the election and what policies are implemented.I am hoping prices continue to drop in multifamily, and we see a pick up in activity.

I haven't bought a 2-4 unit with the VA loan yet (been living in expensive markets lately) but I will as soon as I exit the military in the next couple of years!

I decided to try Flock Homes and sold a rental property to them earlier in 2024.

Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.

Hello,I am just starting to look at properties in Texas and putting together a team to work together.