I've read a lot of people will buy a property as an STR, put it into service then do a cost seg.

If I were to purchase a property at the auction that is foreclosed for first mortgage but has code enforcement liens, will the code enforcement liens go away after I win the bid and pay off the mortgage or do the liens stay on property and I am responsible for them?

The new property wouldn’t cash flow much but neither is the old one I have.

Hey Yi, If you invest in a multifamily property through a Roth IRA, you will not receive the same tax benefits as you would with personal cash, such as depreciation deductions.

Research your market, understand financing options, and consider multifamily properties.

I will be recasting my old mortgage to the new property.

I also have two other properties in the East Bay with much lower interest rates from the past three years.Thank you for your input!

We are actively looking for foreclosed properties that need a bailout.

I’m pursuing my first investment property and I’m a bit unsettled after recent events with my Realtor and their team. 

@Michael Plaks Could I start a project as an investment property, take the depreciation in 2024 taxes, then recapture in 2025 taxes but plan to invest in RE that year to offset the recapture?