Hi Rick,
Just wonder how did you get back approx 55-60% of the purchase price back in depreciation deductions alone? is it still possible now? We just had a look at a newly completed unit on the weekend. If we can get that much depreciation we would love to procees with the unit (with the price price of course) as this is the 1st time we look at brand new. Our past IPs were on Victorian (character houses) hence vrey low yield compare to this unit we look at.
thanks in advance for sharing your wisdom with us.
Cheers, Tracey
Just wonder how did you get back approx 55-60% of the purchase price back in depreciation deductions alone? is it still possible now? We just had a look at a newly completed unit on the weekend. If we can get that much depreciation we would love to procees with the unit (with the price price of course) as this is the 1st time we look at brand new. Our past IPs were on Victorian (character houses) hence vrey low yield compare to this unit we look at.
thanks in advance for sharing your wisdom with us.
Cheers, Tracey