Buy three properties, get one free? It sounds too good to be true, but thanks to bonus depreciation, it’s very real for many real estate investors. In this episode, Kevin, Steve, and guest Mike Chamberlain break down how accelerated depreciation works, what it means for your tax bill, and how you can leverage this strategy to keep more money in your pocket and grow your portfolio faster.
What if the government was running a secret real estate “promo” that felt like buy three properties, get one free?
That’s essentially what’s happening right now with bonus depreciation. In this episode, Kevin and Steve are joined by resident numbers wizard Mike Chamberlain to break down:
How accelerated depreciation works (and why it’s legal, smart, and encouraged by the IRS).
Real-world examples of saving $30K+ per property in year one.
Why cost segregation studies unlock these savings.
Who qualifies, how to carry forward unused depreciation, and how even W-2 earners can benefit.
The simple steps to turn tax savings into your next down payment.
If you’ve ever wondered how the wealthy use real estate to keep more money in their pocket, this episode reveals one of the most powerful strategies available to everyday investors.
[03:56] Kevin’s bold claim: “Buy three properties, get one free.”
[07:34] Former Chief Justice Rehnquist’s quote on tax strategy that every investor should hear.
[10:50] The 2017 Tax Cuts and Jobs Act and the rise of 100% bonus depreciation.
[13:11] Example: How a $300K home can unlock $84K in year-one depreciation.
[16:31] Why buying three homes could save you enough in taxes to buy a fourth.
[18:07] Steve’s real-life story of using bonus depreciation to buy four homes in 2022.
[21:39] How all investors — from passive owners to real estate professionals — can benefit.
[25:23] Step-by-step roadmap: how to qualify and what to do next.
[32:45] Final thoughts: why now is the time to leverage this powerful tax strategy.
Kevin Clayson (00:01.862)
All right, well, welcome to the Moneyball Real Estate Show with Kevin and...
What's up buddy? We are back at it. We told them we're coming for him every week. We said we're gonna be podcasting. They didn't wanna believe us and we're doing it, Steve. Are you proud of you? You should be proud of you. I'm proud of me.
Steve Earl (00:18.872)
We're good.
I'm actually really proud of you, Kim. This is fantastic. Every Monday you've been texting me and saying, hey, we're ready to go. Let's go, let's go.
Kevin Clayson (00:24.011)
Thank you.
Yeah, uh-huh, because usually it used to be you saying, hey, Kev, we should totally do a podcast. And I was like, yeah, but I'm so busy. And so this, I'm loving this. This is awesome. It's great. And today is a wonderful show, Steve, because it's just not, it's not just you and me today. We brought a special guest with us. We could call him not only a friend of the program, but I would consider him a semi-regular contributor to the Moneyball Real Estate Show. We have the one and only,
Steve Earl (00:37.891)
Yeah.
Kevin Clayson (00:57.043)
our resident financial real estate rain man. And I say that with all due respect because the dude knows him some numbers. We have the one and only Mike Chamberlain with us here today. What's up, Mike?
Mike Chamberlain (01:09.859)
Hey, glad to be back. It's been a while. It's thrilled to be part of the program again.
Kevin Clayson (01:15.221)
Well, Mike, I'm still offended by you because I am naturally bald. You choose to shave your head to look bald. And so I feel like you're, I feel like you're encroaching on my territory. And so that's it. That's right. It's just me. It's been my fault. I think I'm getting over it. Steve's helping me process some things. It's getting good. Yeah.
Steve Earl (01:32.558)
It's okay, Kev. Mike is aspiring. He's got a little bit of imposter syndrome. He's trying, like, he's not really bald, but he's working on it. I mean, give him some credit, give him some due.
Kevin Clayson (01:44.799)
Listen, we all know that our wives like Jason Statham, we're just trying to do our best, you know? That's all it is. That's all it is.
Mike Chamberlain (01:52.059)
My wife thinks I look tougher with my shaved head, so that is part of the motivation, and it's just really easy.
Kevin Clayson (01:55.295)
I like it. I like it. It is nice and easy. Well, awesome. Thank you so much for being here with us today, Mike. Now, my friends, the reason we have Mike here today is because we're going to talk about things that are awesome and that I'm not smart enough to understand. And so whenever I'm not smart enough to understand, we have to bring in Mike because I can't figure it out, but he can. And see, Steve is significantly smarter than me. So really what we do is when we're going to talk about concepts,
that are really powerful, that could change your financial life that I'm not smart enough to understand, we bring in Mike and Steve. Isn't that why we're doing this, right?
Steve Earl (02:32.962)
That's another one of those things, you don't give yourself to you. You're one of those brilliant closet geniuses. So you always like to play dumb, just for our audience's sake, it's just a lot of humility coming out in this man right now. But Kev is actually quite brilliant. But I'm super excited about this topic as well, Kev. Super excited to have Mike here to talk about it.
Kevin Clayson (02:38.849)
yeah, let's go with that. Yes.
Kevin Clayson (02:55.158)
Yeah, this.
Kevin Clayson (02:58.911)
Yeah, this is gonna be good. So I wanna prep this for everybody, okay? Let me set this up. And then I'm gonna set this up and Mike, you're gonna come in and you're gonna knock it the heck down, okay? So here's the setup. Now, I'm gonna make a bold claim, a bold statement, and you guys are gonna sit, you're gonna be listening and you're gonna be like, wait, what is he talking about? Did he take his crazy pills again? Again, for the second week in a row, you'll think I took my crazy pills. But here is the claim, okay? And not even a claim, but just.
It's kind of an announcement. It's an announcement that we are sharing with our podcast listeners because we have recently discovered that the United States government has initiated a, what would you call it? A campaign, a promotion, a program that is as follows for real estate investors.
Steve Earl (03:51.074)
a new program.
Kevin Clayson (03:56.982)
buy three properties, get one free. So we are gonna be talking today about what it is that the government has recently done that is letting some real estate investors approach investment real estate through this lens that you could buy three properties and get one free. Now, I'm sure all of you listening, number one, you're like, wait, what? And number two, you're like, there's no way that's possible. Look, we're gonna back it down. We're gonna tell you what's really going on. But there is in fact something
that has recently been passed that is law that does provide tremendous benefits to real estate investors of various shapes, sizes and forms and could be construed in certain respects as go buy three properties and it'll feel like you're getting one for free. And it is something that maybe you've heard about. It's something that's part of now the one big beautiful bill. And you've heard us mention these words on the podcast before.
but it's a little something called bonus depreciation. And we're gonna talk a little bit about the tax consequences that can come and the end of some of the positive tax consequences when we own real estate. So let's dive into this topic. Let's talk about what it is that the government has recently passed. What is in the one big, beautiful bill that is allowing us to even have this conversation that anybody who owns real estate needs to be aware of because there are potential additional financial benefits that could come into your life.
because of this very cool piece of the tax code.
Steve Earl (05:29.838)
So Mike, do you want to, why don't you go ahead and jump in and kind of share with us like what Kevin is really saying when he says buy three, get one free. Like how would you put that more in, I guess, technical terms and what's he really talking about?
Mike Chamberlain (05:45.432)
Sure, maybe a quick background. Obviously the government does things to incentivize different behavior from its citizens. Specifically with tax code, the government has tried to encourage certain investment, economic growth and focusing in different parts of the country and economy to help benefit a community and help benefit the nation as a whole. so
They've been doing this for eons of time. You may wonder if the incentive is to benefit those who are making the laws or the citizens. Either way, it's true that lot of the people who pass the bills will benefit from them. But what the end result is is something that the former Chief Justice of the Supreme Court, William Rehnquist, said that there is nothing wrong with the strategy to avoid the payment of taxes. The Internal Revenue Code does not prevent that.
There's nothing wrong with having a strategy that is right in line with what the government's trying to incentivize that can help you keep more of your money. Because if you feel like you can do better with it than the government, then you just have to find the things that the government is trying to incentivize and align your activity and your investments with that. Obviously, real estate has long been known as a great tax strategy.
Kevin Clayson (07:03.745)
Mike, can you hold on? on. Wait, Mike, you got to read that again. I have not heard that line and then dive back in. But I just want to make sure everybody heard that this because so often I know that some people feel like this weird sense of obligation. I got to pay all my taxes. I want to be a good citizen or they feel like, well, gosh, I mean, you know, I got to, you know, I don't want to, I don't want to take advantage of the tax code too much, but read that statement again. I just think that is profound, especially for us as real estate investors.
Mike Chamberlain (07:34.076)
especially consider the source, the Chief Justice of the Supreme Court, William Redquest, former Chief Justice said, there is nothing wrong with a strategy to avoid the payment of taxes. The Internal Revenue Code does not prevent that. And to put it another way, Arthur Godfrey, a radio personality said, I'm proud to pay taxes as I am too, by the way. I'm proud to pay taxes in the United States. The only thing is I could be just as proud to pay
Kevin Clayson (07:49.482)
love that.
Mike Chamberlain (08:02.835)
the money in taxes. And so what we have here is a strategy that we can all benefit from as real estate investors, a strategy that the government has had in place for over two decades now, but has just made some permanent changes this last month with the big beautiful bill to really incentivize you who might be listening and anyone who can to invest in real estate because of what it can do for you now and what it will do for the community.
Kevin Clayson (08:04.256)
I love it.
Mike Chamberlain (08:30.903)
Of course, I think there's a general rule that the government wants to see businesses succeed. And when you buy a real estate investment property, you are a business owner. And so you're entitled to all of the tax code that is going to help whether you opened up a restaurant down the street or you bought an investment property in the D.F.Y. market or otherwise. And so what we have here is the government's code that will let you write off your expenses, which makes sense.
You know, if you're spending money to buy a dishwasher, if that's a refrigerator, I'm sorry, if that's a restaurant down the street, you know, you're going to write that off as a business expense that you need to spend to run the business. If it's a walk-in refrigerator, that's a big expense that they actually have a depreciation schedule for that you can take and reduce your taxes over several years' time. With real estate, the equipment that you need to buy to run your business is the home itself.
It's not the land underneath the home. You don't get to depreciate that. They're not making any more of that. But the structure itself, the home, the roof, the landscaping, the driveway, all of these are the expenses that you had to put money out to control and have ownership of that you can depreciate over time. And so what we're talking about here is depreciation. And depreciation has been part of the business code and tax code for decades now.
But back in 2002, because the government wanted to incentivize more investments, they let you start to accelerate some of that depreciation. Instead of taking it over the normal lifespan, which the IRS for single family homes has said is 27 and a half years, that's the straight line depreciation that most people take when they buy real estate. And by the way, single family homes is preferential over commercial properties, multi-family properties.
even short-term properties, they all take 39 years to depreciate. So single-family homes already have a preferential tax schedule. But now, starting in 2002, you could accelerate part of that and take some of that depreciation up front. It used to be just 30%. And then when there was a new leadership in Washington back in 2017 that maybe understood real estate and maybe wanted to incentivize that,
Mike Chamberlain (10:50.425)
there was the Tax Cuts Act, the Tax Cuts and Jobs Act that was put in place in 2017. Instead of taking 30 or 50 % of that depreciation, you were able to accelerate a part of your depreciation and take 100 % of that. So what we're talking about here with real estate is instead of taking what I refer to as phantom losses from your real estate, this notion that your property is losing value and so the IRS lets you pay less taxes because of that.
It's true that there are parts of your property that are losing value. Your carpet you're going to have to replace. Your paint you're going to have to redo. It's true that you're going to be putting money into it. But of course, we all know that over long periods of time, real estate always goes up. But again, because you have the same tax law that you would have if you were opening up a restaurant down the street, you get to use that depreciation and help you potentially have positive cash flow left in your bank.
positive cash flow that if you had it from any other kind of income source, let's say a W-2 paycheck, an interest payment from a CD or a bond, if you have money in your bank, you are almost always having to pay taxes on that. But with real estate, you can have positive cash flow and not have to pay taxes on it up to that depreciation amount. And so what's happened is, you know, we help people purchase homes that are usually around 275, 300,000.
And with that $300,000 property, they might normally be able to depreciate about $8,000, $8,000 to $9,000 a year in normal 27-year depreciation. But what has happened this last month is they've made it so that an investor can accelerate the portions of that home that depreciate according to the IRS's schedule in less than 20 years and take all of that upfront in the first year.
And what that usually translates to is often with a good study, it's called a cost segregation study, you're able to take about 35 % of that depreciation and front load that while you still take the rest of the depreciation over whatever that timeframe is, 27 and a half years. And so an investor that is buying, let's say a $300,000 home can often get about $84,000 upfront as a accelerated depreciation this year.
Mike Chamberlain (13:11.355)
And that $84,000 can potentially reduce the amount of taxes that they pay. That $84,000, if they're in a 35 % tax bracket, which a lot of our investors are between federal and state, 35 % of $84,000 is about $30,000.
Mike Chamberlain (13:31.515)
So it's actually about a $30,000 savings potentially on their tax bill that year if they're not having to pay $84,000. And so where you referred to.
Steve Earl (13:41.806)
So Mike, I just wanna make sure that I've understood this properly so that our listeners are super clear. So on a $300,000 home, subtract out the property, the lot. You've got about 240,000 left. You're saying that in year one, the depreciation that they could take after doing a cost segregation study is about 80, $84,000.
Right? And then depending on the tax bracket that they fall in, you you just take that $84,000 and multiply it, whatever tax bracket you fall in, and that's your actual tax savings. So somebody could save around $30,000 like in literally not paying to the government. So for instance, if you earn, if you qualify, and I know you're going to talk about the different qualifications, but if you qualify to take that full bonus depreciation, you could reduce your income.
by that $84,000. So if you happen to be somebody who earns $100,000 a year, you could reduce your taxable income from 100,000 to about 16,000.
Mike Chamberlain (14:52.249)
Yeah, you could. the details will limit some of that to depend on whether they're, if they fully qualify for it, that's absolutely the case, And we'll explain what they need to do to fully qualify for it. But yes, there is no limit on how much you can eliminate even a negative income on other types of income from accelerated depreciation. That's absolutely true.
Steve Earl (15:17.55)
And so that's why I wanted to kind of clarify like Kevin's bold announcement of being able to buy three, get one free is that if you could save, if you qualified, right? I'm qualifying that and you're have to talk to your CPA to see, you know, your circumstances. Cause there's a few different ways in which you can qualify for this bonus depreciation. So if you fully qualified to take that $30,000, you know, tax,
like literally not having to pay that tax. If you bought three homes, you could write off 80 times three is $240,000. So if you were in a tax bracket and you qualified and you're making quarter of a million dollars, you could write off your entire income and show and reduce your tax bill by about $90,000. So what Kevin is saying is,
hey, if you literally saved $90,000, instead of taking that $90,000 and writing a check and sending it to the government, you could write a check and put a down payment on a fourth property, which, and that's what you're referring to, right, Kev?
Kevin Clayson (16:31.263)
Yeah, that's exactly it. So it's just a silly way to look at the numbers, but it's what Mike is talking about, right? If you qualify for this, if you've got to talk to your accountant, there's a number of hoops that need to be jumped through, and we'll talk a little bit more about the qualification, and maybe we also, I think it'd be good to also talk about what a cost segregation study is and why that needs to be done. But if everything lines up, you're saving the amount of money
that you would otherwise be paying in taxes, you get to keep those dollars. So last week when we talked about, you know, real estate being this super cool thing that really you don't pay for because everybody else is contributing. And again, we qualified what we were talking about. But one of the things we mentioned is that the government effectively is writing you checks as a real estate investor, not really writing you checks, but they are saving you from writing them checks because you can save money on taxes based on your situation. And what we're saying is,
with this approach to real estate, if you qualify and if all the numbers work out, you can save the amount of money that you'd otherwise be paying to the national government in taxes to the IRS that gets to stay with you in your bank account. And if it stays with you, you retain control over what you want to do with those dollars. And why wouldn't you take those dollars and invest them into another investment property, which by the way, will also be able to provide additional tax benefits once you acquire it.
Steve Earl (18:00.686)
So Kev, let's make this real for just a second because back in 2022, and that was the year that you could take 100 % depreciation, right, Mike?
Mike Chamberlain (18:07.835)
Yeah, so 100 % came in in 2017 and it went through 2022 and then it started to scale down. That's right.
Steve Earl (18:13.71)
Yeah. So, so let's take this from theoretical to practical and to actual in 2022. So I didn't only do I bought I didn't only buy three properties in 2022, I bought four. And I did a cost segregation study. And it just so happened that I met the qualification that I could take 100 % bonus depreciation. And what you're talking about, Kev, what you're talking about, Mike, like, I literally did that. And I was so blown away.
when I did my taxes that it was real and it wasn't theoretical and it wasn't just like some, know, a couple of guys talking on a podcast where they're talking about, you could do this and it's like, well, read the fine print and really you can't do it. was learn about it, talk about it, read the fine print and I actually did do it. So just from that perspective, I wanted to bring it home and make that real. It's a buy three or buy three, get one free. Like I literally did that.
Mike Chamberlain (19:13.849)
Yeah, that buy three get one free is something that most of our clients can benefit from some version of that formula. We've had some clients that we've helped in high tax states, Manhattan, let's say with high income, high state tax, even local taxes that have almost been able to buy two get one free. So it is saving that tens of thousand dollars per property to come up with the 80, 90, 100 thousand dollars in total out of pocket to purchase another property.
is how that's possible. And it's something that is dramatic and I think so helpful in this environment where rents haven't gone up as much as expected. Some expenses have gone up. You have interest rates that are higher now than a lot of people prefer. And yet with all those considerations, when you look at the multiple ways that you can benefit from real estate is I've been helping people with investments for 20 years. This is the only investment I've ever helped somebody with that they have.
more than two ways they can benefit growth, income, power of leverage, but then this tax savings, this tax savings when maybe nothing else is happening for you in one year, you have a bad year, you still have this ability to save money on taxes. And I was talking with a client this last month who has saved tens of thousands of dollars on their tax. Even though, you know, it wasn't a positive cashflow year, they still save tens of thousands of dollars because of this accelerated depreciation of being able to keep more money in their pocket.
And that's always the end goal with any investment. It's not what you make, it's what you keep that really matters. And so the way this works is everybody's able to benefit from this. There's just going to be different levels or different hoops that you'll have to jump through to get the full benefits or those big dollar benefits. So whenever you have passive income from real estate or if you have it from other kinds of business ownerships, think of it as a silent partnership in another business you may have invested in, a limited partnership.
passive income from an investment, not in securities, but in businesses that can be offset by this depreciation to the tune of tens of thousands per property potentially. Another way that somebody can benefit. And so let me give a quick example. If somebody owns a home with cash outright, they don't have a loan, they're going to save money because they accelerate depreciation. They're probably paying taxes on about half of their positive cashflow. With accelerated depreciation, that can wipe that out for several years.
Mike Chamberlain (21:39.292)
So all of our clients can benefit with not having to pay taxes on whatever their positive cash flow is, or if they have other kind of businesses. A lot of clients, if you have income that's below $150,000 and you're an active investor, which our investors are, they make decisions, they help the property manager, they approve a tenant that's gonna move in, they approve big ticket items for repairs, that helps them become an active investor. Active investors can benefit if their income is below $150,000.
they'll be able to get at least up to 25,000, up to 25,000, depending on what their income is. Under 100,000, it's 25,000, then it's a scale between 100 and 150. And so if your income is below that, you get the benefit from it. And then if your income is above that, and you don't have enough passive income to wipe out, let's say tens of thousands of dollars in a year's time from accelerated depreciation, if you don't use it that year, you just simply carry it over and you use it whenever you need it in the future. You'll pay less taxes for years to come.
Or if you're able to qualify as a real estate professional, then you can wipe out potentially other kinds of income. So we've been talking about how this is to help out with passive income that potentially can help with active income, which is think of it as your day job, your W-2 income, 1099 income. There's ways that some people can position themselves. And if it's somebody working that full-time day job, if it's a professional, a doctor, an engineer,
it's not likely that they will be able to qualify themselves. But if they have a spouse, they can help do this with the spouse qualifying and offset their W-2 income. So if somebody is making $600,000, $700,000, they're a doctor and they're in the 37 % tax bracket, they may not qualify themselves, but a spouse could potentially. And we can help review all this. And of course, we're always going to say, check with your accountant and work with them. It's going to be between
between you and your accountant to notify the IRS that you qualify for this. But we love helping to make sense of this. We love implementing that strategy that William Rehnquist, Chief Justice Rehnquist said, can help you keep thousands of dollars in your account instead of in the government's account if you feel like you can do better with it than sending it off to the government. That's what real estate affords. It's really unique. It's powerful and really helpful. And it's in place right now. If you bought a home January 19th of this year or later,
Mike Chamberlain (24:02.435)
You can do this accelerated depreciation this year and you can do it in perpetuity until the government actually changes the tax code again. This doesn't have a sunset clause. This is going to be in place until the Congress actually goes in and creates a new tax law. So it's really exciting times. It's something that, you know, I was talking with the very experienced investor talking about what would be so helpful for investors if it were to happen, to really bring them back and be motivated to invest.
And one of the two things that they thought that would really be the incentive for people to invest again is having this 100 % bonus depreciation. And now it's here. And we've seen it happen. have been starting to invest. People have struck up conversations that we've known for years that are now moving forward because of the potential tax savings that this can provide for them.
Kevin Clayson (24:51.507)
It's so amazing. So here's what I think would be really beneficial for everybody listening. Mike or Steve are together. Let's talk through step by step. Okay, so I'm listening to the podcast right now. I'm thinking, hey, I bought a property this year, whatever the case may be. What steps should I go through in order to see if number one, I can qualify for this? Are there expenses that would be associated with it? What would the pathway look like?
moving forward and we want to give you we want to give everybody listening kind of what that blueprint is.
Mike Chamberlain (25:23.801)
You bet. We can certainly talk high level, of course, online and AI can break it down a little bit more custom for you and your scenario. Quite amazing what you can learn there with that. So let's have a conversation. Talk with your coach. I enjoy trying to help make sense of these scenarios to find out ways to optimize your portfolio. And optimizing your portfolio both means how many properties can you own and how can you have a better experience getting long-term benefits of those properties.
It's also how can you save money on taxes? And again, I want to emphasize, we're always going to bring in your accountant, refer you to the professionals. But, you know, let's have a conversation. You can do some research. Let's have a conversation. If there is the opportunity there, then we don't do the cost segregations ourselves, but we know very reputable companies that have a good track record of doing a cost segregation study. This is a study that you pay to have your home be engineered and break out those different components.
and identify a number that is the components that have a depreciation schedule of less than 20 years. An organization, an accountant or a separate organization can help you get to that number. And then you're applying that, however you're able to qualify for that, with your passive income, if your active income is below 150, or if you qualify with a real estate professional with your active income that way.
And so we'll help make sense of that. everything is good to review with a DFI member, either your coach or myself, always happy to help with these conversations.
Kevin Clayson (27:01.739)
Yeah, so I think step one for, you're listening, step one is reach out to your coach. It might be me, it might be James. If you don't know who your coach is, just reach out to me. Just email me, kevin at dfy-realestate.com. We'll take it from there. The first thing we'd wanna do is just have a conversation. Let's talk a little bit about it from there and we can help you make sense of it. If I don't know enough, I can get you in front of Mike who's really gonna be able to dive in.
and help you really optimize your portfolio. From there, we'd likely recommend that we loop in your accountant, right? Let's find out, is this something that will make sense for your situation based on what your accountant knows of your financial situation? Now, by the way, if you're thinking, wait, I just go to H &R Block, I don't know that I have an accountant. And I'll also say this, some of us have accountants that don't know very much about real estate. And so if you need a referral for a potential accountant,
We have a number of extremely brilliant, well-qualified accountants that can take a look with you and see if this, how applicable this could be for you. If at that point it's determined that, know what, let's move forward, this seems like it's really good, we would help get you in front of a company that would do the cost segregation. Now, there is a cost to that. It's usually a couple thousand dollars. We just want you to know, I mean, it can vary, but.
With that, you're gonna be saving, generally speaking, typically much more than what you're paying for that study. Think of that, paying for that cost segregation study as a, that's like your access pass to lots and lots of tax savings. Because then that property and everything that goes into it's gonna be broken out kind of line by line. We're then gonna know how much money can you potentially discount your taxes by or not have to pay.
that study will go with your accountant. We could try to make sense of all of it. And from there, as you file taxes, as your accountant helps you, you know, make sense of this year in and year out, end of the day, the idea is you're cutting much smaller checks to the United States government. That's really all we're talking about here is because you're a real estate investor and because the government actually wants you to invest in real estate.
Kevin Clayson (29:23.263)
They are doing some really great things to make that as attractive as possible and to save you significant dollars so that, and again, why would this happen? Why would the government want you to save dollars? Because the hope is you then reinvest that money. You boost the economy across the board. That's why this exists. That's why it is something that you might be able to participate in as a real estate investor. And if you've yet to buy a property,
we could start to have this conversation right from the get-go. We're buying a property, it's this year, it's after that, cut off what was it, January 19th, right, of this year. So that means you are likely gonna be able to qualify to take some of this accelerated or bonus depreciation, but we just need to look at your scenario. And so step one, get with your coach. From there, we'll either give you some information or get you in front of Mike. So that's like step one A, right? Step two is make sure that you've got an accountant that understands this sort of thing.
Step three is if it looks like it's gonna be a good fit, you'll pay for a cost segregation study. Step four is you'll get to benefit from the cost segregation study from the accelerated depreciation. And then step five is hopefully you've got enough left over that we can continue the ball forward and continue to help you invest in real estate and shift your entire financial future. Would you guys add anything to those steps? Did I miss anything, Mike?
Mike Chamberlain (30:43.385)
No, think you got, yep. Let's have a conversation. It's a good time to be investing in real estate with the many ways that you can be benefiting.
Kevin Clayson (30:52.213)
You know, and really I just, I think that that what Mike just said is what I think we would hope the theme of any podcast would be, which is if you don't know, find out. And how do you find out? Let's jump on a call. Let's have a conversation. Email me, kevinatdfy-realestate.com. If I'm not the right person that you need to speak to, we'll get you to the right person. But it all starts with just a conversation. Cause real estate, obviously everything that you do is very personalized. Everybody's gonna be a little bit different.
but we can at least get the ball rolling by having a conversation and then guide whatever those next steps might be for you because it always is a great time to invest in real estate. I love to say, we've said it on the podcast, I mention it with clients all the time, it's always a good time to buy real estate. There's just some really bad times to sell. And that's just what you need to be aware of. Time is always the greatest wealth builder when it comes to real estate. You've got to give it that time, but this is even a way
that with the real estate you own and are buying, there's some shorter term benefits available to you because the government has launched the promo, buy three properties, get one free. Which you can go to whitehouse.gov, you'll see it's right there. It's a banner ad, I'm kidding, it's not. But really, let's have a conversation, let's take a look at it, and let's see if it's a good fit. Steve, any final words as we wrap this episode?
Steve Earl (32:17.676)
Now this has actually been one of my favorite episodes because I love this topic so much. I was so excited when the big beautiful bill passed for this specific reason is I knew that if it did get passed that this would be a great benefit to all real estate investors in one way, shape, or another. And so the next step is just simply make that call. Give Kev a call or a text or an email and we'll help you take those next steps and figure out how this can benefit you.
Kevin Clayson (32:45.855)
Absolutely, Mike, thank you so much for lending your genius and your incredible words of wisdom. We appreciate you. Anybody out there, if you are a Dunphy Real Estate client and you're like, you know what, I would love some real in-depth conversation to really optimize my portfolio, to take a look at everything, my real estate, my potential tax situation, whatever I've got out there in investments, whatever's in the market, I'm telling you.
An hour with Mike will change the entire trajectory of your financial life, not just for you, but for those that you love most. He is absolutely brilliant when it comes to this stuff. I mean, really, when it comes to a lot of things, Mike is brilliant, but this one, I'm telling you, I've watched our clients' lives materially and fundamentally change because they spent time with Mike. And so if you want to have a conversation with Mike, again, email me, kevinatdfy-realestate.com. Let's get you in front of Mike. Let's begin the process and the conversation.
So Mike, thank you so much, my friend Steve, thank you. This has been the Moneyball Real Estate Show and we hope you've enjoyed it. And if you did enjoy it, go give us a five-star review on on Apple Podcasts. It helps the show out a lot. We appreciate you guys and we'll see you next week.
Steve Earl (34:00.174)
Thanks for listening.
Kevin Clayson (34:05.41)
Okay, cool.