Trying to balance out cash on cash and overall house value over time.Thanks again

The purpose of a landing page is to quickly and effectively convince a person who is genuinely considering selling their house at a discount to leave their contact details so your acquisition agent can reach out to them.Anything that hinders this process will ultimately LOSE you money.

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

There's no point in asking for directions if you have no idea where you want to end up.Once you have a starting point, destination, and your mode of transportation, ask some questions and we'll be happy to help!

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Hi BiggerPockets Family,I am looking to insure a triplex that I own in Philadelphia which is under my LLC. 

What made you interested in investing in this type of deal?

In finding a new place to reside, I would again require funds for a downpayment on the purchase of a new home or reside in a rental myself until I save up enough funds for another purchase.  3. 

This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods.  

The deal sounds fine overall as long as they are in good shape and you can move and rent them on your existing land, but do you want more mobile homes?