Brandon Brittingham

So essentially, think about it like this.

If you're a W-2 employee and let's just say your tax liability was $50,000, just giving this to you as an example.

and you bought a short-term rental property, and using his example of being able to use that loophole to get a cost segregation depreciation, and check me on the math if I'm wrong, because I'm doing this on the fly.

Let's just say that you bought a half a million dollar property, and you did a cost seg.

From our buddy Jeff's math, it's usually about 25% of sales price.

Would you say that's fair?

Yeah, that's fair.

Yeah.

So 25% of sales price, we buy a half a million dollar property, right?

So we're at a hundred plus thousand in some change, right?

That if you're not, if you don't understand how this works, what he just gave you the game on is with a depreciation and doing a cost like in the first year, you can actually take that depreciation and take that as a paper loss and

on your taxes.

And that is freaking one of the biggest hacks in the world for you to get wealthy.

So let's just say that you had to pay that $50,000 in taxes anyway, but instead of paying it to the IRS, you bought a property, right?

And not knowing your tax picture, let's say the depreciation wiped out your federal tax liability.

but you still paid the 50 to get the house.

Well, where would you rather put that 50 to the IRS or in an asset that you control that has all the benefits that he just said?

And what's so crazy to me is there's so many people who don't understand this.

And to Brian's point, this is actually not difficult.

This is in the tax code.