JF3234: Why the Wealthy Seek Passive Income | Passive Investor Tips ft. Travis Watts
The Best Ever CRE Show
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Why the Wealthy Pursue Passive Income
The IRS deems that a property's life again, not the land underneath, but the actual brick and mortar and the materials and the structure of a residential real estate property is 27.5 years. So what you get to do if your property is valued at $30 million, excluding the land that it sits on,. If you run the math, what you come up with is a little over a million dollars per year. You can use these losses, this depreciation to offset that passive income. And last but not least, and obviously this is not an all inclusive list, you can do a 1031 exchange.
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