If you're in the Orlando area or are looking to learn more about the Orlando market, please don't hesitate to reach out!

I'm working towards saving enough for the down payment to buy my first long-term rental in my town by the end of 2025.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

I’m looking to purchase a duplex in Charlotte, with one unit being turn-key and the other in need of repairs.

Our son just left for Europe for 3 years with the Navy, good excuse to go back and spend more time over there.We are starting one town at a time streamlining our operation.A. 

In realms where shadows veil the light,I shift possessions overnight.Deferring burdens none can see,I weave the threads of property.A spectral path to trade unseen,What method moves behind the screen?"

Here are the details:**Option A:** - Rate: 6.125% - Credit: $2,300 towards closing costs **Option B:** - Rate: 5.7%   - No credit towards closing costs I'm trying to determine which option is the better deal.

I would have really liked to invest where i live, but Minnesota really does not have the price point for neighborhoods that will help scale Brrr.As I am just starting out i would like to start in zipcodes which are not already exhausted with Brrr investors. 

@Kristi Miller we were in a similar position as you- small mountain town, not great cleaning options, lack of tech etc.When we started our PM company we made the commitment to pay the highest 1099 cleaning wages in our area.

I was wondering if it's possible to wholesale seller carryback deals to buyers.