Hey nice to meet you PatrickI forgot to say that I’m an out of state investor but definitely want to come and join meetups I’m new to this market and thinking to invest on west Columbia, Lexington and Greenville on the northeast. 

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

I also think this is a really important number to know going forward due to calculating holding costs! 

This has happened to me twice now, and I'm curious how others have dealt with it.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

Have you built this kind of building before? 

As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component 

I would love to hear your thoughts and insights and eager to learn and contribute to this discussion.

Would be curious to know what the exact details of this lawsuit are?

Just a different takeNow this is not to sayPS - those houses that were priced way too high and languish?