In that case you might save taxes building with them.

The promise of accelerated depreciation and immediate tax savings is attractive.

Lesson learned.

Learn as you act. 

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Yes, do the tax exchange if you can.  

.$275000 with 25% down, taxes $4080, insurance is 3000 yr and rents is $3800 month, Water $400 mth.