Shownotes Transcript
The **biggest **real estate tax deduction) is coming back. That’s right—**100% **bonus depreciation) is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some **massive tax deduction potential **for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.
Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes). But bonus depreciation is like regular depreciation) on steroids. And the tax benefits can be massive.
So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!
In This Episode We Cover:
Four of the hottest housing markets in 2024 that we’d flip houses) or long-term invest in
The high-priced coastal **market **that we love…but wouldn’t buy rentals) in
**A snowy northeast market that has low prices and big rent-by-the-room potential) **
A sleeper city with a big price tag but solid investing benefits
The not-so-sexy market that made the number-one spot and surprised us all
Unemployment rates), home prices, average rents, and **top metrics you MUST check **before investing
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
Henry's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
What Is Bonus Depreciation And How Does It Work?)
What is Rental Property Depreciation & How to Calculate It)
The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall)
Connect with Brandon:
Brandon's BiggerPockets Profile)
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-187
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