Hello my friends. Welcome to another episode of Passive Real Estate Investing and another episode of Ask Marco. I apologize for missing last week's episode. I've been traveling a whole heck of a lot lately. Things have been crazy this year in terms of business and business growth with the different ventures that I'm involved with and travel comes as a part of that. So as much as I do like to travel, it becomes very, very tiring. Anyway, it's another day and another episode and I'll see if I can record a catch up episode here in the near future. I'm looking to do a market update, if you will, on the economy and the housing and everything else related to that. So I'll do that probably later this week. So let's grab some questions here from listeners. Some of these are very recent, as in like the last 12 hours and some of these date back about a month and a half ago.

And I apologize for the late ones, but that's just what happens.

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The first one, I'm not sure who this came from, the email has got more than one name in it, so I'm not sure if it's Bob or John , but it's a very short question. So let's just begin with that. So Bob says, I have a property that I rented and depreciated for 24 out of the 27 and a half years. The property wasn't rented for four years. I have it rented again now, and my question is, can I deduct to the remaining three and a half years of depreciation or did I lose that? Well, Bob, the good news is, is you never lose the depreciation. If you have residential real estate, which means it's a 1, 2, 3, or 4 unit property, you can depreciate it for the full 27 and a half years that you own it, which means that the improvements, the structures on, on the ground, meaning everything but the dirt can be depreciated for the 27 and a half years.

It does not matter whether it is leased or not, that's irrelevant. You can leave it vacant the entire time and still depreciated for 27 and a half years. It does not need to be leased. That is not a condition, this is just an IRS rule and they allow you to depreciate the structure, the improvements over that period of time. So you didn't lose any time here and whatever you're referring to as remaining years of depreciation have always been there. So just continue to depreciate it the way you have, talk to your accountant or tax professional if you have missed anything or if you have other questions about it. But no, it's still there and certainly take advantage of it if you didn't have the income coming in from it. Well, you know, that's an unfortunate loss. You can't rewind the clock and go back in time to get the income that you missed out on, but there's always today and tomorrow and the future.

So I, I suggest you just work on that. Alright, well thanks for the short and simple question because some of these other questions are a little bit wordy in a good way.

The next question comes from Natalia. I believe this is one of those slightly older questions, so I do apologize for that. But she writes in and says, hi Marco. Thank you for taking the time to read my email and for the amazing content you deliver through your podcast. I started listening to your podcast two years ago while driving to get radiation therapy for breast cancer. Your podcast was very inspiring and opened the door to a new area. I had no prior knowledge. In 2022, I decided to take the next step and I got in contact with Melissa who's one of our investment counselors here, who was awesome and guided me through my first single family property in Birmingham, Alabama.

My initial goal was to acquire 10 properties in 10 years, but I am now way ahead of that goal. I got a HELOC on my house and I used the $100,000 to purchase another single family home in Memphis, Tennessee and put the down payment on a new construct...