Listen to his podcast.I'd probably read all the Rich Dad Poor Dad books....multiple times.No matter if you like him or not, I think I would read every Donald Trump book.If Sam Zell ever wrote a book I would read that.

When I complained to the city about the alley having three kiddie sized swimming pool holes, city refused to make repairs and then trumped up fines against me up to $1,000.  

@Donald NewellThanks Donald - will post updates if something works out.

Those trump tariffs definitely contributed to inflation.

Thank you @Wayne Brooks, @Russell Brazil, and @Don Alder-LaRue for the advice.

Hard work trumps pretty much any obstacle.

Currently, I'm focused on selling new construction duplexes in downtown Indianapolis, which offer great potential for long-term investment.While I'm still relatively new to the industry, I've found that consistency and reliability often trump the allure of high-risk, high-reward strategies.

And guns trump currency.

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

Read 10 of these before winter break...Buffet, Trump, Bloomberg, Craig Hall, Trammell Crow, Jerry Jones, Michael Dell, Bill Gates, Bezos, Sam Zell, Li Ka-shing, Chuck Feeney, Ong Beng Seng....