However, based on our conversation, this strategy might unnecessarily complicate things.As a 1099 contractor, can I deduct all upfront expenses for the STR upgrade, as I did with my San Diego property?

I have spent countless hours listening to podcasts on BiggerPockets and have done a huge deal of research on my own whenever I find the time.

Attend workshops, read books, listen to podcasts, and participate in online forums like BiggerPockets.

Hey Everyone ,Am new to real estate wholesaling and i want to start in Nashville TN and am based in Egypt and I want to wholesale virtually in the US .

Resources including books, forums, podcasts and personal experiences  would be very much appreciated!

Does anyone have an article or podcast that I can read or listen to.

Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

Check out BP Podcasts: https://www.biggerpockets.com/podcastI hope BP serves as a helpful resource for your REI endeavors!

It is honestly the playbook for the realities of real estate investing vs. what most expect based on what they read or are taught.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.