@Shoaib Ali Chaudhary go hang out at your local Home Depot at 6am on a Saturday morning!

Good morning everyone,My name is José and Ive been a BP pro member for a couple of years now.

Located on a gorgeous corner lot, it makes dividing the usage much easier.

Good Morning,I'm looking for some insight on new construction builds.

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.

I just quoted a duplex this morning at 6.73%. 

Here’s a story that illustrates this point perfectly.A few years ago, Dylan, one of our team members, was at home on Christmas morning with his family when the phone rang.

The total of that number over the year divided by your 5% down payment is your net worth ROI.

Good morning!

I thought by dividing the property and putting ownership in separate LLCs it would limit my exposures and liability.