STRAIGHT LINING IT ON EVERGREEN COLORADO REAL ESTATE
Most of our investors use the straight line method of depreciation for their investments homes. The straight line method writes off the asset on a regular schedule that is figured by dividing the total asset by 27 years. Please note that you can only write off the depreciable portion of your investment.
Let’s say that your house is worth $250,000 of which the land value is $50,000 and the house is $200,000. Then you would take the $200,000 and divide it by 27. You could then take a $7407.00 write off on your taxes. This could shelter $7407.00 of other income that you earned if you are in the rental business and can show that your rental property in earned income.
Knowing the process makes you an educated buyer. Real Estate investment depends on you and Your business acumen. You can learn to prosper locally and there are no multi million dollar CEOs to confiscate your profits. Real Estate is still the best money making investment available. Please, give us a call, and let’s craft a plan for You to profit in this economy. Contact us at MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGE SERVICES; we are your one stop shop for all your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE needs. We are at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com .
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