All Forum Posts by: Joel Fechik

My question is to all of you that are currently employed to preform cost seg studies. How was it that you got your start in that specialized tax service and how did you break in. I’m experiencing great difficulty even getting looked at by firms, and I have 5 years of public accounting experience. I realize I’d likely have to “start over” but I feel like it’s the better route for me. Any suggestions would be greatly appreciated.

That’s a great point @Chris Seveney. I guess I’ll need to refine my filters and focus on corporations with boots on ground operations and blue collar workers.

I have been searching for data to identify where corporations have committed to develop and grow - essentially create jobs. I'd love to see if anyone has been successful in identifying a source other than a one-off local news article. My goal is to marry this information with a few other variables to help me determine what markets I'd like to focus on investing in for multi-family units. Thanks in advance for your thoughts and information.

Hi Alex, In addition to Zillow, check out Loopnet, Crexi, CoStar (requires subscription), or MLS (if you have access). If you have interest in a property give the listing agent a call, you may not find the best deal initially but having a conversation with the agent can be a good start to creating a relationship and letting them know what your buy boxes are.

The TPR study is something I hadn't thought of, great idea @Bonnie Griffin Kaake. I did suggest a 1031, which would have made things easier and less costly for the client, but the client is getting older and was opposed to taking on a new investment.

Thanks so much for the insight, Bruce. That's the conclusion I had come to too after doing a bunch of research. But deciphering tax rules and regulations had me second guessing myself. 

I am not an attorney, I am a commercial real estate agent.

Would love to join/be apart of the next event @Serena Halterman

I have a client looking to sell a multifamily property in CA. She is an out of state owner and resident of PA. When she sells she'll have to pay federal and CA taxes on the sale, but will she also have to pay PA taxes on her sale?