Justin Colby

So I'm going to try to simplify this because I'm getting it.

almost like talking to an accountant right because it's so detailed it is but your traditional home gets 27 and a half years of depreciating value okay minus the land correct but that's not very fast for me i want this stuff faster so what you're saying is if i go remodel the kitchen on a said property then i can go take that same level of depreciation whatever that value is let's call it 250 there's land value of 50 and we're going to put in 50.

Do you have to amend that tax?

I probably have another 14, 15, 16 homes that I bought in 2020.

100%.

I got to call you on that too.

This is my guy.

You guys got to make sure you get the depreciation doctor on Instagram and costsegs.com.

So I think...

for people who aren't used to hearing this talk, and I am, because me and my accountant go round and round, and I talk to you plenty and whatever, I want to try to boil this down with simplicity's sake, but in the example we just gave, what does that mean?

So you said roughly out of the $250,000 home, 50 of that going to land, I'm putting 50 grand in, you said roughly there was $40,000 that was going to be- On the original- On the purchase.

On the purchase, yeah.

Purchase was 250.

As opposed to your new spend on the 50.

That's right.

But when you say $40,000 is gonna fit into that five-year bonus depreciation model, what does that mean to the consumer?

What does that mean to me?

So if I bought this deal and you said, Justin, I'm gonna get you $40,000 of this value and give it to you in bonus depreciation,

What kind of savings am I getting there?

What does that actually tangibly mean?