4 Things That Real Estate Does That Other Assets Don't Do #shorts

Here's four cool things that real estate does that most assets can't or don't do. Number one, depreciation. This allows you to write off things in the property that have a certain usable life. So picture appliances, picture a roof. This allows you to take a tax credit over a certain amount of years and put it on your balance sheet so that you end up taking loss against active income. Pretty cool. There's a cost segregation study which allows you to basically do depreciation on steroids. We'll make another video about that some other time. There's way smarter people on me that know about this stuff. Then there's tax benefits that you get from owning real estate that you don't normally get. You can write off your mortgage, for example, and certain other pieces of the property, anything that goes into that property, any type of repairs, any maintenance, any taxes, things along those lines. Talk with your tax accountant about that. And then finally, leverage. There's very few assets that give you some, Sometimes up to 10 to 1, leverage on your money, where you're putting in a dollar and getting ten dollars working for you. So that's pretty cool.