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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Real Estate Podcast
Depreciation Is Magic in Real Estate
depreciation does not mean the value of asset going down. It's an accounting term that is used to describe the fact that when you buy something, an asset for your business, it will fall apart overtime. The reason it's magic in real estate is because even though the buildings are falling apart, and the stuff inside them is falling apart, the value of the thing is going up.
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