All Forum Posts by: Luis Miramontes

What has been your best and most successful real estate JV deal? Who? What? When? Where?

Nothing like coming to bigger pockets for some help.

Hello all,

 I'm in the works of starting a hard money lending business. I've researched tons of sites and they all give tips and information on how you should do it or what you should expect, but I'm almost looking for more of a road map. Does anybody have or know a graphic business model for hard money lending? I would assume its almost like a swim lane. to show the process and steps. I have one already, but I would like to look at others to pick and choose what I missed or didn't miss, etc. am I making sense? any help would be appreciative. Thank You!

Exactly! If you go back to the comments you'll see I told Rachel she can depreciate almost anything on her taxes except for land

nope. I'm sorry @Manolo D., but you can never depreciate land.

@Rachel Trimble hi Rachel. As far as I know, unless I'm misinformed you can literally depreciate anything even your drapes.( that's probably a little exaggerated) but you can depreciate anything that you use for a business and that will eventually wear and tear. Whether it's a big amount that will be depreciated or not you will have to figure out if you want to depreciate it over time or over one year! It's a great strategy for taxes and I love it!!