Some realtors are open to this arrangement if it’s part of the initial contract.4.

I initially wanted to buy something using the BRRR strategy that fits the 1031 profile.

*My Grandma also pays the property taxes; I really have no knowledge of what's going on here with this property outside of people living there rent-free.Next Steps: What are the typical steps involved in initiating a partition action?

The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income. 

Historical data shows housing prices have averaged 4.84% growth during election years since 1987, but the specific policies of each candidate could significantly influence future market dynamics.Vice President Harris will likely focus on supply-side solutions, representing a continuation of Biden administration policies, emphasizes affordable housing expansion through several key initiatives:1.

Here are my answers to your questions. 1) Initially we were wanting to make the basement a separate STR.

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

Outside of real estate, I enjoy going to wine dinners, charity functions, date nights, piano bars, and nice dinners with my amazing wife.Excited to learn and connect with you all!

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in

I’d rather avoid anything that could become a headache down the line, even if it means a higher initial cost.