This week is one of my favorites of the year… March Madness! Our house will be all in cheering for Gonzaga, and I’ve already printed what feels like a couple dozen brackets for the boys. They’ll probably be busted by Thursday afternoon, but the fun (and friendly competition) is already in full swing.

 As always, this newsletter is filled with useful information, market updates, and a few laughs. Thanks for being here!

MEDIAN CLOSED SALES PRICE

(Residential)

TODAY'S INTEREST RATE: 6.49%

(MND 30 year fixed rate)

NEW FEDERAL TAX LAW: 

100% BONUS DEPRECIATION RETURNS

With tax season approaching, I wanted to highlight a strategy that can benefit real estate investors. A new federal tax law has reinstated 100% bonus depreciation, which may allow qualifying assets to be fully depreciated in the first year instead of spread out over many years.

In simple terms, this means investors may be able to write off the full depreciation amount in year one, potentially reducing taxable income significantly. When combined with strategies like cost segregation, certain parts of a rental property may qualify for this accelerated deduction.This could be an opportunity worth discussing with your CPA.

If you are looking for an investment property locally, or in another market, I would be happy to help or connect you with a trusted agent.

As someone who owns multifamily, single-family, and short-term rental properties, I have a lot of experience with rentals and am happy to share more on this topic. 

JOKE(S) OF THE MONTH

How can I help you reach your real estate goals?