Quote from @Erica Calella: Quote from @Joseph Elci: Hello All, I am hoping to have invested in my first property before the end of the year. 

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I'm interested in buying a multi-family property in New York for a reasonable price.

You just filled in and registered to the country clerk.Title companies won't accept to transfer the property without using a warranty deed, because they can't insure the title, but that will come when your parents sell the property and at that moment your parents will create a warranty deed to the new owners.

Once you highlight a couple of locations, pay attention to active inventory in the areas by going to listing sites and checking out properties for sale.

I prefer the card to the coin-op, even in a smaller property.

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value.

I would recommend getting the nicest property you can for a reasonable price.

Hi all,Looking to get a property in Texas for investment purposes and know the demand for college students.

Hello all, I am very close on closing on my first property.