ADAIR
PATRICK ADAIR REALTY
Intero Real Estate
Congratulations on Owning Your Income Property
For Almost 27 ½ Years!
... But Now, You are About to Lose Your Tax Deduction!
As you may recall, your CPA or tax preparer mentioned that you can depreciate your building value on an annual basis for 27 ½ years. You may not remember your exact date of purchase, and sometimes tax preparers get so busy that a depreciation update falls through the cracks.
We are a team of investment real estate experts:
Patrick Adair, Cristina Mendoza and Amparo Patino.
Let’s look at some average figures and data for the area:
The average income property in San Jose depreciates around $21,283 a year; and, as an owner, you have been able to save on income taxes “dollar for dollar”. However, your upcoming benefits are not so favorable.
You’ll notice on the chart below how your taxes could raise substantially without having a depreciation deduction:
​
Example: Purchase Price = $800,000
Annual Depreciation:
If you feel it is time to reinvest…here are the services we can help you with:
Restart your depreciation schedule all over again; and, in many occasions, obtain a higher ROI, too!
We can market and sell your current investment or take an equity line on property to purchase another piece. This will establish a new depreciation schedule, increasing your net worth and personal income stream.
We will prepare a market analysis of your current property’s value.
We will remind you of the rules and advantages of using a tax deferred exchange!
We can show you how to leverage your current equity to buy another property.
We can prepare a plan to exchange your current investment property into a larger, more profitable investment and regain your depreciation, too.
We will provide you with a complimentary comparative market analysis to find out what your investment property is worth.
We invite you to have an exceptional personal discussion with us to determine your best course of action.
Interested? We would be happy to provide you with the exact month when you will reach the 27 ½ year threshold.
​
...and we can bring you up-to-date on the booming Silicon Valley Market.
PATRICK ADAIR
Realtor®
408.206.2472
CAL BRE License # 01100170
CRISTINA MENDOZA
Broker Associate
408.910.4950
CAL BRE License # 01412456
AMPARO PATINO
MBA, Realtor®
408.421.2535
CAL BRE License # 01960836
Fortunately, you have us, and we are letting you know!
If you have not already done so, we encourage you to look into your options concerning your depreciation which is ending soon.
If your property is listed, this is not intended as a solicitation.
•
•
•
•
•
•
•