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.

While not every mentor is a guaranteed path to success, proper vetting through referrals, review of a mentor’s track record, and alignment between the mentee and the mentor can shine some light on whether or not this relationship is a good fit.

The World’s Largest Christmas Light Maze is back for its third consecutive season at the Las Vegas Ballpark.

For multifamily deals, positive cash flow often comes from finding under-market rents where you can add value through light improvements or operational efficiencies.

This might help you see the property’s performance in a clearer light.

Before renting, I need to complete a few improvements to the townhome, such as landscaping and replacing the flooring in the bedrooms.I have a few questions and would appreciate any advice: What should I look out for during the home inspection and closing process on a new-build property?

I will say that they aren't really yurts, which are a light wooden frame with canvas or the like fabric.

There have been a few people that have done Sub2’s that come on here bragging about it.. those that do come on here bragging about seem to be  helping someone promote their product/mentoring , have a product or mentoring they are trying to remote directly or indirectly themselves, or simply do not understand the landscape of Bigger Pockets site.

I’ve seen a few strategies work particularly well in Austin’s current landscape, so here’s my two cents:If you're looking for areas that are primed for long-term growth, Williamson County is still king.

There are plenty of local landscapers who you can hire to do everything.