The seller had a buyer that fell through and had already purchased their new home dependent on funds from the condo sale, so I was able to offer cash and a quick closing How did you finance this deal?

Matt So you are the borrower and they are asking if you can pay the loan off faster?

It was a newer subdivision and the builder had pulled out due to the Great Financial Recession of 2008.

Outside of real estate, I enjoy hanging with the family I really enjoy the lake.Excited to learn and connect with you all!

But then wouldn’t I be losing all the gained equity in our primary home?

I researched the areas best suited for long-term rental.

What's the market look like in corpus christi, Texas?

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I'm currently looking to acquire more deals and would appreciate any tips on finding legitimate private lenders.

I have a own a successful property management in the Bay Area focusing on multi-family buildings and HOAs.