Getting a commercial broker or private investor to trust you on your first multifamily deal can feel like an insurmountable challenge. It’s a lot of money and a lot of responsibility, and maybe your own nervousness is showing through when you talk to them. Charles Dobens has invested in multifamily properties for years, and he knows that how you present yourself will change the perceptions of brokers and investors.
I’ve been talking about what the opportunities will look like in the coming recession for a while now, and I finally have some solid data on exactly how that is playing out. COVID has put a unique spin on the recession that is hugely affecting the short-term housing inventory shortage that you’re seeing, but I want you to be prepared for the dramatic change I expect to see in the long-term.
If your accountant recommends a depreciation strategy, you might assume that he’s done everything possible to help you out. For a next level depreciation strategy that might save you tens of thousands, you need to consult a real estate CPA who uses engineering to figure out your best tax-advantaged situation.