In this PPhREI Network Roundup, read about the 20% drop in bonus depreciation this year, a healthy money mindset, and my Memphis geoarbitrage experiment.
This post may contain affiliate links.
Carpe Diem MD
In this post, Ian Cook reviews the changes in bonus depreciation coming our way this year (2023). Unfortunately for real estate investors, 100% bonus depreciation is now a thing of the past. Properties purchased in 2023 can only claim 80% bonus depreciation on their cost segregated real estate. This doesn’t mean it’s not a good strategy, but it’s just not as impactful as before.
Read these two articles if the terms I’m using make no sense to you:
- Amazing Tax Deductions from Your Short Term Rental
- How a Cost Segregation with Engineered Tax Services got me a $105k Tax Refund
Read the original post on the Carpe Diem MD blog: 2023 Short-Term Rental Bonus Depreciation Update and more…
The Darwinian Doctor
This past week, I talked about my move from Los Angeles to Memphis. Though the move was driven by my wife’s career move, I was interested in the idea of a lower cost of living as well. It’s been a few months now, so I wrote up a blog post about the concept of geoarbitrage and my findings in the following 5 areas:
Read the original post on the Darwinian Doctor blog: 5 Discoveries from Our Memphis Geoarbitrage Experiment
The Prudent Plastic Surgeon
In this post, Jordan Frey discusses how to convert a healthy money mindset to wealth. He discusses how he defines a healthy money mindset, and how he turned this mindset to good use in his own life.
Read the original post on the Prudent Plastic Surgeon blog: Converting a Healthy Money Mindset into Wealth Building Action
Make sure to subscribe to the blog so you get all the updates! Some interesting things are going to come your way soon!
Want to support the blog?
- Visit my Recommendations page
- Check out my wife’s food blog: Eat Dessert First
- Stay at our luxury short term rentals
- Check out my TikTok channel
- Follow me on YouTube
- Book an investor call to join my inner circle
- Contact me with questions
Perhaps you’re more of a Facebook type?
Are you a physician, spouse, or professional and you’re interested in using Real Estate to gain financial freedom? Join us in our Facebook group and accelerate your journey!