It's still everyone's favorite time of year, Tax Season!
So for today's episode, we come to you with a story! A while back, we were working on a deal and had an investor come to us with a problem...
They needed roughly $200,000 in depreciation... that's a hefty tax benefit and hefty goal. Well, we figured it out! Not without the help of multiple CPA's of course! We are not tax experts after all.
Join us as we discuss the tax benefits of depreciation, and how being a limited partner or a general partner factors into the benefits.
Find out all of this, and more, on another episode of Multifamily Investing Made Simple, in Under Ten Minutes.
Tweetable Quotes:
"We can be flexible and come up with a solution. That's one of the great things about being a small scrappy company. We can find a way to make the deal work." – Anthony Vicino
"You can do one or two deals a year that you're doing as a JV, just for that depreciation, and then do a bunch of other LP stuff to actually make money on." – Dan Krueger
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