Hi,
I am new in this forum, sorry if this question been asked before.
I have been told that: if I buy a new property, I can get higher depreciation compared to buying old property.
I noticed there is a big difference in price between these two. Lets say a brand new property is $400K and 5yr old property is $350K, is it really worth spending 50K extra just to get more depreciation?
Thank you.
I am new in this forum, sorry if this question been asked before.
I have been told that: if I buy a new property, I can get higher depreciation compared to buying old property.
I noticed there is a big difference in price between these two. Lets say a brand new property is $400K and 5yr old property is $350K, is it really worth spending 50K extra just to get more depreciation?
Thank you.