As luck had it the Marines decided I should deploy for 7 months, I guess they knew she needed space.

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 was asked yesterday by a good friend of mine who has got 1-2 rentals in the last year and I wanted to check with you all first.

We are looking to acquire an SFH that can be converted to a multi-unit duplex or a SFH in need of rehab that could be converted to a multi-unit duplex.

I plan to do my own background, credit and eviction check. 

Welcome to the community 👋

Hello everyone my name is Josnel and I aspire to become a Real Estate Developer.

Im super new to this community.

I have talked to several borrowers recently that took out 5 yr PPP DSCR loans that could easily refi and save 200+ a month if they did not have the PPP.

Any advice on the best way to get started other than looking for personal connections to a property management company?