Many people mistakenly think that bonus depreciation only applies to new properties or recent acquisitions, but you can indeed retroactively apply it to properties placed in service after September 27, 2017, thanks to the Tax Cuts and Jobs Act.The IRS allows you to catch up on missed depreciation without amending prior returns by filing Form 3115 (Application for Change in Accounting Method).

The catch is you have to use their designated companies for everything including financing, management, and maintenance.

If appreciation catches us, shave off a year or quantity I buy.30-33% equities, 28-31% private equity/small business(almost tapped out of growing this one), rest fixed income.

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The only catch, is that we wouldn't be house hacking to start, we'd be required to put 20% down on purchase/sale of the property.

My parents live up there, and I'd lean on them to be my eyes/ears.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Or let me know if other ways to incorporate into Real estate efforts.  

Hurricane Milton Approaching: Hurricane Milton is intensifying and we are all keeping an eye on the news.

If you have a great team, a great strategy, a great eye, you still need the money.