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.

After removing the mold risk and opening the walls we found moisture coming through the foundation showing improper foundation work done over time, including wood foundation being used in the rear.

Being a contrarian has usually played out well historically or you could look in the rear view mirror in a year or two and sang Coulda, woulda shoulda : ). 

I am considering building a rooftop deck/rooftop terrace on the rear side of an upper level addition. 

I cant edit my comment.The property is off market in Englewood - A very rough neighborhoodFrame SFH 4 Bed/ 1.5 Bath, Rear Parking Spot, Asking $47k, ARV $185k, and estimated rehab $80k.

Typically, the HVAC technician will install the heater in an old closet or pantry near the rear of the building and run the ductwork through the bedrooms.

Secondary egress can trip up a lot of developers, especially if you are planning bedrooms in the rear of the building which most do.

ya-know, seeing as you feel like declaring I'm not a professional because I do things vs sticking head up my rear and hoping others do it for me. 

Hi all, I currently have one real estate property in Cleveland Ohio (purchased in 2019) but have largely been out of the real estate game since COVID reared it's ugly head.

There are many, many already doing this, too, not like I just pulled it out of my rear end this morning.