Jorge, that first sale feeling really is something special, isn’t it?

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.

DamonIf anybody tells you, it’s easy, they have a a special agenda to sell or they are simply clueless. 

I would also ask my attorney about the advisability recording a copy of the contract or an affidavit of interest as I think it's possible the seller may have found someone willing to pay more for the property and I'd want a third party to be aware of my contract interest in the property.Lastly, I'd make sure the attorney I hired specializes in real property law, particularly in the county where the property lies.

Thats more logic and feedback than I have probably ever received right there in one message!

Looking at investing in one of their partials.Feel free to message me directly if you prefer.Thanks!

And because you cant self promote there is always going to be some way to get some kind of message out there without breaking the rules or offending anyone.. but again I think the success stories threads should be utilized for that. 

Feel free to message me if it'd be helpful to have a conversation. 

Please feel free to message me and I can give you rate quotes. 

He has paid dependably, but last night he read my message and has not responded to the renewal.