I have been involved in real estate transactions for about 13 years now and I have a new interest in wholesaling and light fixers.

What I am doing now is just putting away most of the money I make.. because in my eyes saving can never go wrong.. it's just what you do with your money that can make or break a decision.

what are the details involved with the move?

Andrew, your lawyer was talking about a cost segregation study.It involves identify and separating short life assets from your new property basis and depreciating them separately, thus accelerating depreciation.For example, you can depreciate a 200k property over 27.5 years, ORUsing cost segregation, you determine that you have 20k in 5-year assets within the home(carpet, fridge, AC, etc...)You can depreciate the 20k in assets over the next 5 years and depreciate the 180k for the property over 27.5.

I would HIGHLY recommend that you get involved with ALL of your local RE club meetings, NOW.

These neighbors keep an eye out for the property, and they have my # to call if they see anything suspect, and call me.

And then my post was "edited" so I just left these forums because it seems someone with power here is involved.

Hello,I've been hanging around the Rehabbing forum a lot lately, but for me, I will most likely be involved in a single family detached house development.

Spend some time getting involved around here and you're very likely to find them.

It was the best move I ever made, as it set me on a course to become more involved in real estate.