Tax Lien Certificates

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Real Estate Investing Definition

The definition of Depreciation is:

Decline in value of a property due to wear and tear adverse changes in the neighborhood or any other reason. Also for commercial property depreciation refers to the economic life over which the asset excluding land might be written off for the calculation of taxable income. Current economic lives for residential investment property are 27.5 years and 39.0 years for commercial property.

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