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Updated almost 2 years ago,

User Stats

7
Posts
3
Votes
Daniel Newman
3
Votes |
7
Posts

Best asset class to optimize for depreciation?

Daniel Newman
Posted

Hello everyone,

I run a wholesaling business that is doing well, and I think it's a good idea to buy property before the end of 2023 so I can offset some of my income with depreciation. I'm aware that you can only depreciate the improvement/building value and not the land value. My question is if there's any specific asset type or subcategory within that asset type that would be optimal to look at for the purpose of maximizing depreciation and improvement value (relative to land value).

I'm aware there's 100s of other factors when analyzing the property and asset itself; but i'm just curious if there's a specific asset type that's optimal for this scenario so that I can narrow my search a bit.

Thank you!

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