I still have a w2 job and wanting to take advantage of maximum depreciation by doing a cost segregation study.  

I've been hearing a lot about the potential of real estate investing to build lasting wealth.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

My name is Yaumari, and I’m a passionate real estate agent based in New Jersey.

New to the wholesale scene.

As a retail buyer, I would have second thoughts on buying coastal FL.

I am looking to buy a condo in the city using a second home loan.

I try to teach my kids the importance of investing and show them real life scenarios any chance I can.

Tasha,Congrats on the success so far and even though there is a $100 cost in AZ its not that far of a drive to Las Vegas or to NV in general.

I purchased the property 10 years ago with the idea of it being a long term investment.