Write off

[Sunny P.]

is there an easy calculation on how to figure out the tax savings or implications when selling the property??

Let's say you're paying cash $100,000 for a property. 

Each year you're going to write off your expenses, property taxes, AND DEPRECIATION. 

so that depreciation of $100,000- land cost will benefit you NOW and every year until you sell or 27.5 years. 

Then you pay taxes on that $100,000-land value. 

That's a hefty tax then.   So is that everyone's doing ?? Thanks