Retirement Plans Upended. How Many Rental
Properties To Retire Well Event Launch
Unlike the Gen X population who are navigating
the retirement of the Babyboomers and
financing college for their children at the same
time, millennials don't want to be in that position
many start to plan for retirement as young as
22 years old by asking how many rental
properties to retire.
Today's focus is on how
many rental properties to
retire at any age.
How many rental
properties to retire for
you? Consider this.
Sell two of the houses, pay any
capital gains, use the remainder of
the profits to pay off the other six,
and now only very tiny loans remain
on those six rental properties and
the cash flow is very good.
Depreciation allows you to
recover costs related to
income-producing rental
property.
So what is rental properties
depreciation in its simplest terms?
Depreciation is the recovery of the
costs associated with the upkeep of
real estate investment properties
through your annual tax deductions.
The depreciation deduction is in
essence a recompense for that
natural wear and tear, it's a tax
benefit of real estate investment
properties that benefit you.
For tax purposes, depreciation
is always considered a net loss
on real estate investment
properties, independent of any
profits you generate on the
property.
The allowed deduction amount
is determined by the property's
market value, the property's
recovery period, and the
depreciation method used.
The most commonly used rental
properties depreciation method is
called the modified accelerated cost
recovery system, which allows you to
deduct depreciation on a residential
property for 27.5 years! Great news
for millennials.
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