No right or wrong answer, just glad to hear you're open minded to real estate investing. 

High efficiency appliances were utilized including HVAC, light fixtures and water heater.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Hello, looking for tips on LLC formation for real estate investors.

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.

I attended nearly every in-person Chicago real estate meetup for about two years straight!

Job Growth (Growing vs Declining) Percentage (To try and understand if the local job market will continue to grow or decline).7.

If you're in a college town, you could have parents or other local family events that would draw people in.

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.  

Would love to hear from other pros.For California specifically, it’s safest and most cost effective to allow a passive trust to own all real property in California.

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