I've been in real estate for a little over 4 years.

I've only had to do 1 and it was several thousand.....I would take a real hard look at your numbers and re-adjust your offer accordingly.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Are you or a spouse a real estate professional, could you offset the 401k distribution tax with a cost segregation7.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $111,100.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

What do most do in terms of keeping rental business out of personal finances?

What tax strategies have you utilized in your real estate portfolio?

I called a local real estate attorney and he advised against it.

I'm new to the real estate investment world, and I have a desire to learn more about the best practices in the market.