I can share a good investor focused agent that we leverage in Edmonton 

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

There's no point in asking for directions if you have no idea where you want to end up.Once you have a starting point, destination, and your mode of transportation, ask some questions and we'll be happy to help!

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Hi BiggerPockets Family,I am looking to insure a triplex that I own in Philadelphia which is under my LLC. 

What made you interested in investing in this type of deal?

Has anyone had dealings with a company that places disaster victims in temporary housing? 

This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods.  

The deal sounds fine overall as long as they are in good shape and you can move and rent them on your existing land, but do you want more mobile homes?

Facebook groups have useful information, but tend to be about 75 percent spam or sham so you have to be careful in there.