All Forum Posts by: Bernard Reisz

@Ricardo A Guerra While @Sean O'Keefe and @Nate Meeker make an excellent point, that the location of your tax accountant is not nearly as crucial as their experience, location is still a factor for a host of reasons. You're fortunate to be located near the truly incredible @Michael Plaks, so you can have the best of all worlds. I'm fortunate to discuss all sorts of complex real estate tax issues with Michael on a near daily basis. For a Houston real estate pro, Michael is the obvious and no-brainer choice of tax pro.

@Michael Plaks Always an honor to be mentioned by a true real estate tax pro!

@Catherine Javier Easiest path to making choices about Cost Seg is obtaining a free cost feasibility analysis. When reviewing your Cost Seg feasibility analysis, you want to be bear in mind all the considerations Michael discusses in the superb post he shared. Love that post so much, that we added it to our educational site. 

@Michael Plaks Honored to me mentioned by you, in such esteemed company! @Eric Lowe Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:

1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider. The preliminary analysis can have lots of data, so it's important that the provider thoroughly review it with you to explain what depreciation tax deductions Cost Seg study provides and what depreciation benefit you would get w/o Cost Seg. Michael Plaks has a great post on this topic.

2 - Assess the value of those tax deductions to you: Best way to get that is by working with a real estate tax expert. Second best way is to review Michael Plaks' post on this subject. 

If all else fails, 😀 ReSure's got extensive resources on all these subjects in our educational platform (which actually includes some plagiarizing from Michael!😉)   

@Michael Plaks Great list! ;) @Danny Arnold There's lots of good stuff on this thread. For more focused and authoritative discussion, check out BP content created by Michael Plaks. Love his content so much that I've plagiarized it in our investor education platform! 

@Michael Plaks Honored to be short-listed by you, along with esteemed industry colleagues. Thanks! @Evan DiLeonardi While I'd love to tag some great resources we've created on the topic of cost seg, and they're extensive, my favorite BP content about Cost Seg was actually created by Michael Plaks. Liked it so much that we've added it to ReSure's Cost Seg blog! 

@Logan M. We do Cost Seg studies on properties of every size and always provide a free preliminary analysis to help you make an informed decision. 

Can't emphasize enough how important it is to have a great tax accountant in your corner, which this thread has probably illustrated, as well. @Michael Plaks has created invaluable eye-opening content on BP, but still not a substitute to actually working with true real estate tax pro.

@Michael Plaks Honored by the mention! There are 2 parts to pursuing Cost Seg, one is the actual cost seg study and the other, at least equally important, is the tax expertise needed to determine how a cost seg study impacts the tax return. For anyone, looking for a guide to the latter, I'm not aware of any better resources than those prepared by Michael.

@Michael Plaks Honored by the tag, as always. @Joel Adams Definitely a questionable transaction for the IRA, at best.

@Michael Plaks Honored by the mention and to be mentioned is such great company! 

As I always do, will mention that any investor considering cost seg should review Michael's superb posts on the topic for unparalleled insight. 

@Michael Plaks Didn't either get any nickels for saying this, but it's still the reason I retired (from real estate CPA services)!