In this PPhREI Network Roundup, read about the 20% drop in bonus depreciation this year, a healthy money mindset, and my Memphis geoarbitrage experiment.
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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
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