Hello everyone,  I'm a newbie wholesaler who is doing this as a side hustle remotely.

I've been looking at buying RV Parks, Boat Marines and or Mobilome parks, I've read that SBA and HUD do have loan programs in these areas.My question is who do I contact to help get the ball rolling and pre-qualification. 

There has been no more communication with him.

How many kids get to play minecraft or COD on a big projector screen right? 

More than this, I have to fall gracefully because I cannot lose face infront of other investors because I do not want to lose out on future opportunities if people believe I am not handling things well.

Etc., 100% off on data. 5 properties, so not a "deep dive", But enough to give me concern on this platform.

Is there even any benefit to that if all the activity is line 2 rental re income/loss on the K-1?

For anyone who may have insight, I am curious if there are benefits that outweigh disadvantages or vise versa to obtaining an LLC when specializing in Wholesale.

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.

Hey @Mary Jay, this just happened to me.