I'm of the idea though that now is a great time for Americans investing internationally (because of our inflated US dollar).I know I'll be giving $10K to FIRB.  

(Mission Hills Federal) (March 13, 2024 )Home Matters USA (February 16, 2024 )Lanier Law, LLC (January 17, 2024 )SL Finance (October 6, 2023 )American Financial Benefits Center, et al.

(BTW - The NET loss was about 700 people per day.)Newsweek - More Americans left California between 2023 and 2024 than any other state across the country, according to new data released by the Census Bureau.The Golden State lost a total of 239,575 residents to other states, the largest net domestic migration loss in the country over the past year.

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'm an American but I own 2 properties in Porto.

I agree that there’s a fine line between aggressive but legal vs. reckless and punishable.I saw this gem from Will Rogers:  “The income tax has made more liars out of the American people than golf has.”

Or the owner is incapacitated in some fashion.

It's fashionable - and tempting - to outsource tax research to AI.

Yes the average American income is barely $60,000 and most of people on bigger pockets make more than that and a lot of people make that much in a month. 

Many investors switch over to these loans once they have a few properties (typically 5 on average, but you are right there in the typical fashion for property number 4)Check out these series of articles on the loan topic published on BP as well for all you need to know about this option!