The WealthAbility Show with Tom Wheelwright, CPA cover image

Real Estate Expert [3/7 Series]

The WealthAbility Show with Tom Wheelwright, CPA

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How to Double Your Return on Investment

Inflation does continue to make rents rise and there is a lot of demand for rental property. The government allows you to take all that depreciation upfront on a certain type of formula, which I don't really understand. But essentially sometimes you can get a very, very large tax right off in the first year when you own something. It's still great at 80%, but there are things that wear out faster than 30 years,. There's sheet rock, there's appliances, there's all kinds of things.

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