Yemeni Mason explains how Section 179 depreciation lets real-estate investors deduct appreciating assets as expenses, lowering taxable income while creating documented income for mortgage qualification.
So you ever wonder why no billionaires complain that Donald Trump pays $0 in income tax? Well, that's because it's a really good-kept secret that our tax laws allow you to buy real estate and other assets and write them off even though they are assets that typically are going to appreciate in value. It's what's called the Section 179 expense, otherwise known as depreciation amortization. right? And the best part about it is, again, not only are you going to be able to acquire wealthβ so the best part is you can not only acquire assets and write them off as an expense, but furthermore, you can actually use that income to qualify for a conventional loan or another type of mortgage that requires full income documentation. If you guys have any questions in regards to this, hit the link in my bio, shoot me a DM, or give me a call, and let's talk today. Take care.
How to Qualify for your First Time Home Purchase #mortgagerates #homeownership
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