Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

I’m thrilled to join this community and connect with fellow real estate enthusiasts.

I recently bought a duplex and I am in the process of finding a tenant for one of the units.

Look forward to getting more serious about my real estate investing. 

Like many real estate investors, my friends and family are not in this world, so I don't talk real estate with them.

You take the lists of brokers you were given, the underwriting skills and capital raising techniques you were taught and you begin raising capital and finding deals for the the syndication educator who started you down this path in the first place.

I've been trying to find out if I can bird dog in Texas without a license.

I live in Texas. 

I have an off market commercial deal in a hot investment area I'm able to get seller financing on.

:)What do you think of this logic...?