Summary
With the successful passing of the Big Beautiful Bill, bonus depreciation is back. In this episode, David and Christian break down what it is, how you can take advantage of it, and how you can use money previously set aside for the government to cover the down payment on your next property. They cover accounting options, ways to use this strategy you may not have thought of, and how to combine it with CRE (covered in MM episode #69) to supercharge your wealth building and set yourself up for a retirement that doesn’t depend on social security. Make sure to listen all the way to the end for a special appearance from the mortgage mutt who is just as happy about bonus depreciation as your favorite accountant!
Chapters
2:15 Understanding Bonus Depreciation
Explanation of bonus depreciation and its benefits for real estate investors. Discussion on the Big Beautiful Bill Act and its implications.
10:45 Real Estate Professional Status
Criteria for qualifying as a real estate professional. How this status affects your tax strategy.
18:30 Active vs. Passive Income
Differentiating between active and passive income. Strategies to convert passive losses into active losses.
25:00 Short-Term Rental Loophole
Exploring the short-term rental loophole as an alternative strategy. Requirements and benefits of this approach.
32:10 Depreciation and Tax Strategy
Detailed explanation of depreciation and its role in tax planning. How to use cost segregation studies to maximize tax benefits.
40:00 Practical Advice for Investors
Tips for new and experienced investors on leveraging real estate for wealth building. Importance of understanding your financial position and planning strategically.
50:00 Conclusion and Contact Information
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