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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
The Magic of Depreciation
If you use a property manager to manage your rental does that actually hurt you for making that 500 hour rule? Sure, absolutely. It will certainly reduce the number of hours you have. This is what i call, in chapter seven of taxfy wealth, i call the magic of depreciation. So this is the one place, real estate's really the one place where you get the eduction for an appreciating asset. But here's what makes it even better. Bonus depreciation means that rather than taking it over the whole useful life of the building, whe sho get to take it ster than that.
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