In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.

Hold them accountable, and lean into their knowledge of the area.5) Wait6) After 12-15 years, you'll have 3-7 properties.

Also an accounting nightmare.

Sure that's fine but.... the owner said he used multiple bank accounts to collect rents and thus can't provide the 3 years statements since they bought 2022 so not 3 years.

Also, networking with local investors or attending meetups/conferences in Portland could provide valuable insights and accountability as you move forward.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

Hi Brand, my accountant has always taken the property value and divided that by 27.5.

Network with investor-friendly professionals and find a mentor or accountability partner.

Hey Kevin, You're correct that in a Roth IRA, the tax advantages of depreciation, such as offsetting taxable income, are effectively lost since the account itself is tax-free.

Just google Ohio Real Estate Convention and you should find it somewhere. 2) Some individuals are interested in passive real estate investing, but have little liquid cash, but significant savings in IRA and 401k accounts and are looking to diversify beyond just stocks, mutual funds, and other public market assets. 3) Always important to work with an attorney, title company, and or closing attorney as you work with a private lender.