As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

Mrs Mary Patricia Hester

This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

Isn't she the same Mrs Mary Patricia Hester neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

Her platform is wonderful, and her services are exceptional

Welcome ❤️

Bro dead ass like he kinda singed up dealing with people's ish as a CEO or whatever the hell he is

Thank you for watching!

Thank YOU Chad, would love to have you back!

Damn right ;)

Well said

Thank you!

Thank you!

Thank you!

Thank you!

Thank you! You an investor yourself?

Yessir!

Hi there, thanks for your question! You're right that depreciation involves recognizing the cost of a long-term asset over its expected useful life. This process helps businesses spread out the expense of an asset, like real estate, over the years it is in use, rather than taking the full hit in the year it is purchased. However, in the context of real estate and taxes, depreciation can indeed be used to reduce your taxable income. When you own investment property, you can depreciate the building (but not the land) over a specified period-typically 27.5 years for residential property and 39 years for commercial property in the U.S. This depreciation expense is deducted from your rental income, effectively lowering your taxable income each year. So, while depreciation affects the book value of the asset on the balance sheet, it also serves as a non-cash deduction that reduces your income tax liability. I hope this clarifies how depreciation impacts both the asset's value and your taxable income. Let me know if you have any more questions!

Awesome..accounting student here, so I always have questions, thanks for your clear explanation 😊

Of course, happy to help! Good luck with the rest of school, we have some more tax related content planned soon 😃

You the leach

Yessir! Keep putting yourself out there and good things will come. What are you working on Dom?

Thank you Derek, that means a lot! If you ever have any questions or recommendations for what you want us to create, don't hesitate to reach out!

Interesting. With the new settlement announcement from the NAR, I believe it is going to be more challenging for buyers agents out there. Appreciate your insight though!