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All Forum Posts by: Eduardo Bilbao

Eduardo Bilbao has started 3 posts and replied 62 times.

Post: Texas Property Taxes

Eduardo BilbaoPosted
  • Realtor
  • Miami Fl
  • Posts 71
  • Votes 64

I purchased a single family residence in Dallas Texas in 2020. The property was being taxed as if its value was $438,000. After the purchase was completed I protested the taxes because I purchased the property at a lower price. They only asked me proof of the purchase, they got me on a call at a specific time and date and they approved it. Starting January 2022 my mortgage payment decreased $400 per month. I hope this helps, I used the county appraisal district website to do all this. 

Post: Bonus depreciation on a project split between 2 years

Eduardo BilbaoPosted
  • Realtor
  • Miami Fl
  • Posts 71
  • Votes 64

I have read the thread here and my question is how are you planing on doing a cost segregation study? I am sorry I don't have any input for you in this post, I just got super curious. Everyone I talk about cost segregation study say either don't know what it is or they tell me that it is not worth it in a single family residence. Was told only to do so for larger deals such as 4-plexes or larger.