Most of us would like to save money when and where we can, including when it comes to filing taxes and saving money on your tax dollars. There are a few big tax advantages that come with being a Real Estate Investor, one of those being able to accelerate tax savings with depreciation. While depreciation typically is not something we like to see with assets such as our vehicles, when it comes to Real Estate depreciation and filing with the IRS, it can actually end up benefiting you! Kevin and Justin discuss real estate depreciation, what is it, how it works, and some advantages and risks of it.
As stated in the video, we are not attorneys or CPA’s and cannot provide the best strategy for you personally to benefit from real estate depreciation. Please get in contact with your CPA in order to discuss your situation and how you can benefit the most!
Pine Financial Group is a Hard Money Lender that lends to Real Estate Investors within Colorado, Minnesota, and Milwaukee, WI. We also try our hardest to provide great education content through our weekly videos, blog posts, classes, and more. Check us out at http://www.pinefinancialgroup.com where you can find our rates and terms in our loans, any events we may be hosting, and great articles that we have published! Also be sure to check us out through Facebook at http://www.facebook.com/pinefinancial.