It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

The final 1031x regulations clarify that nearly all building components identified as five and seven-year property through a cost segregation study are, in fact, real property under Sec. 1031.

Our month long tenants really appreciate having a walkthrough video available, especially because a significant percentage of our longer term tenants are international. 

That’s why this tool breaks down various components like cash flow, principal paydown, home and renovation appreciation, initial equity, and depreciation for potential tax savings.

We have our team lined up and are ready to go, and we are adding value to the real estate community through our website, meetup, podcast, and educational content we share internally within the community we learn through continuous education/experience.

It takes a pretty decent income to be able to afford an LA mortgage.And the other component if your down payment.

Many mid term travelers are families relocating to the area, displaced families (homes have had water or fire damage, or are undergoing extensive renovations, eg), international business travelers, families from out of state visiting their family here for a few months...all types.

Going international is more challenging, and I'm sure the weather kept some people away.

Any other international real estate discussion is encouraged here.