That has to have been the worse decision in real estate I’ve ever made   But I also vividly remember thinking email was stupid when I was being shown how it worked.  

People often ask me why I choose to buy investment properties and other real estate.

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.

You leran it by going out and looking at real properties.

so what you need to do is the leg work / networking to find out what the other local folks are doing. 

Real estate is a long game.

Newbie to real-state and looking to learn ahead of first rental we are planning to find/acquire in ~12-18mo. 

Start going to real estate meetups in your area.

Hire an experienced real estate broker to help you price and sell the property. 

Considering how crazy the real estate market is here in Florida, I've been evaluating alternate means of sourcing potential investment properties, one of those being tax deed sales.