Comments on: A National GO Zone? http://www.biggerpockets.com/renewsblog/2009/01/12/national-zone/ Learn, Network, Invest Sat, 11 Feb 2012 01:23:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Suzie | Roof Repairshttp://www.biggerpockets.com/renewsblog/2009/01/12/national-zone/#comment-75261 Suzie | Roof Repairs Fri, 13 Nov 2009 10:45:20 +0000 http://www.biggerpockets.com/renewsblog/?p=3421#comment-75261 This is great information thanks so much for it Sharon. I have to say that I was not one of those people that knew about this. This is great information thanks so much for it Sharon. I have to say that I was not one of those people that knew about this.

]]> By: Sharon Hiebinghttp://www.biggerpockets.com/renewsblog/2009/01/12/national-zone/#comment-63206 Sharon Hiebing Mon, 12 Jan 2009 14:33:41 +0000 http://www.biggerpockets.com/renewsblog/?p=3421#comment-63206 People should know that you can still accelerate the depreciation on a rental property simply by having a personal property appraisal performed. The value of the "chattel" can be written off over 5 years, with 52% of it in the first two years alone. Lots of investors don't know about this, but tax savings are usually $500 to $1500 a year for 5 years after the appraisal is performed.It's a great way to get money back to reinvest, to improve cash flow, or to offset gains if you have a decent cash flowing income property. People should know that you can still accelerate the depreciation on a rental property simply by having a personal property appraisal performed. The value of the “chattel” can be written off over 5 years, with 52% of it in the first two years alone. Lots of investors don’t know about this, but tax savings are usually $500 to $1500 a year for 5 years after the appraisal is performed.

It’s a great way to get money back to reinvest, to improve cash flow, or to offset gains if you have a decent cash flowing income property.

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