Because I did not buy this on Biggerpockets, am I not able to access the bonus content.

Quote from @Kyle Carter: What role does insurance play in protecting your investments.

Looking to talk to someone who’s had experience adding a bonus room/sunroom in San Diego.

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.

A tiktok live of a dude playing a long haul truck driver simulation.

It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play. 

Hi John,I like playing with raw land, too, in Snohomish county, WA, just north of Seattle. 

@Steve Crisp There are a lot of variables that go into play as to whether you could benefit from a cost segregation study or not.

Would you say Cleveland is more of a long-term play with steady and slow growth? 

Depending on how you use the property, you may benefit from a cost segregation study and bonus depreciation once the property is in service.