Hello,
I had a real quick question to see if I’m in the ball park. I want to buy a 4-plex and trying to get my depreciation number down. The scenario I have is if my 4-plex is worth 184,840 with land already subtracted would my depreciation be divided 27.5 which equals 6721. Is that my depreciation number?
Any help will be apprecited.
I didn’t find the right solution from the Internet.
References:
https://www.biggerpockets.com/forums/51/topics/204038-depreciation-math
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Thank you.