They keep a percentage of anything they collect, typically around 30%.

Hey @Brenda SotoI do a lot of deals in Texas and our title companies won't allow QCD, only warranty deeds. 

Like flipping, much of your profit will be made at the time of purchase. 

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.

Hi, I am reaching out because a couple of properties that have equity and I am looking for ways to pull some of that equity to redeploy the money into the properties to do improvements to maximize my income streams by building ADUs.

Out of curiosity, anyone care to share their biggest pain points, gripes, or frustrations with building financial models?

Know enough to know all the things we don't know and the importance of learning, mentorship, etc.

Hey Sam,Sounds worth it, 5.125% no points? 

A friend of mine in Maryland is starting a GC business and has a deep roster of subs.

Right now, I'm coming to the end of a debt payoff journey.