Hi everyone,I’ve found a multi-family property in North Linden that I’m interested in purchasing for a buy-and-hold investment.

Hi - Any large property managers (50+ STRs) who manage properties for other owners, what is your most preferred PMS?

The property came with a tenant in place, who was the brother of the seller.

The property came with a tenant in place, who was the brother of the seller.

Is it possible to do a cost segregation study this year (2024) and retroactively take 100% bonus depreciation from that cost seg since the property was placed into service in 2022? 

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

I have googled alot of information but it is hard to wrap my head around this specific subject. - how can i get a rough estimate on how much the properties will offset?

You don't even need an LLC for a rental property, especially if there is a mortgage on it.Make sure you have the correct type of insurance as your number 1 priority.My partnerships have a separate tax return and it issues a K1 for my personal return.

Adriana - yes, interest rates will be higher for 5+ unit properties and minimum down payment will be 25% generally (opposed to 15% - 20% on 1-4 unit properties). 

I've been doing due diligence on a few properties that I've targeted.