1min chapter

My First Million cover image

#125 - What is the Buy, Borrow, Die Process?

My First Million

CHAPTER

Why Trump Didn't Pay Any Federal Income Tax

If you buy a house, you can depreciate that asset over 27 and a half years. For this example, let's say you have a huge building, a $27 million building,. You can depreciated it by a million dollars a year. So with the cost segregation that you could get and the depreciation, you actually get a bigger credit than what you put into it. Now that's not average people like us, but if you're kind of a small real estate investor, there's a lot of benefit there if you're trying to play that tax game.

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