He is an award-winning and internationally recognized Realtor and speaker, who has closed on over 10,000 real estate transactions in a 30-year career.

I'm going to effectively have just over 1m dollars cash money to invest in something.

BUT, the kicker is that you don't "make" the additional money in tax benefit, you just borrow it temporarily, because you will have to effectively pay it back through recaptured depreciation when you sell so the real calculation is:[b]Additional current year (CY) deductions x CY income tax rate = CY cash "savings"&CY cash "savings" x interest rate x # of years between when you claim the accelerated deduction and when you sell = real net benefit.

There is a lot of research that goes into putting together a transaction such as this.

Once that date is past you can get a title policy, loan, or complete any normal real estate transaction with the property.

Additionally, if you represent a buyer or seller in a real estate transaction, and will also be compensated for obtaining the loan for the buyer, Commissioner’s Regulation 2904 requires you to disclose, to all parties in the transaction, the form, amount, and source of the compensation received or expected for the loan.http://www.dre.ca.gov/faqs_mlb.htmIt doesn't give any info about how to get into the game, but it's something.

I personally believe this to be true and have found it to be a very effective tool in my life.

Closing costs are rolled into the transaction, leaving you with a truly passive 20% built-in equity.

I'm in Texas and I presented the attorney with specific information to a particular property so that may have had an effect on the price.I'd like to hear form others who may have gone through this.

It will effect your DTI and credit scoresb.