Understanding Depreciation in Real Estate
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Summary
AI-generatedThis video discusses how depreciation works in real estate. The speaker points out that when depreciating a property, you should only focus on the building value because the land value cannot be depreciated. For long-term rentals, the IRS allows you to depreciate everything in the property over 27.5 years.
Key insights
For long-term rentals, you can depreciate everything in the property over 27.5 years.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial