> ## Documentation Index
> Fetch the complete documentation index at: https://docs.mogul.club/llms.txt
> Use this file to discover all available pages before exploring further.

# Appreciation & Tax Benefits

> How your value grows — and why cash flow often looks like a loss on paper.

## Property appreciation

* **API-driven valuations** update monthly using MLS-level comps and appraisal-grade data.
* A 10% rise in market value shows as a 10% bump in your dashboard holdings; because of leverage, that 10% may instead be 30-40% to your portfolio depending on "loan-to-value" (LTV).

## Depreciation & K-1s

* Each property LLC passes through income and expenses to investors.
* **Depreciation** (27.5-yr schedule) is a non-cash deduction that can offset or exceed rental income.
* At tax time you receive a **Schedule K-1** for each property — download it right from your dashboard.

Example: You pocket \$500 in cash flow but a \$600 depreciation write-off shows a \$100 passive loss on your K-1. Cash in hand, loss on paper.

> **Disclaimer:** mogul doesn’t provide tax advice. Consult a qualified professional for personal guidance.