What is rental property depreciation? We're explaining it step-by-step in today's video.
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Depreciation is defined as a reduction in the value of an asset over time. In this video, I’m explaining why depreciation is one of the most powerful benefits of real estate investing.
Depreciation is important because it helps you keep more money in your pocket, instead of sending it off to the federal government at tax time. Depreciation is a fantastic way to mitigate your overall tax burden, so you’ll want to know exactly how it works.
This video contains a specific example of how to calculate depreciation, and how it works inside the current tax code. I’ll also discuss a way to elevate your depreciation strategy and discuss how raw land ties into this topic.
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