All Forum Posts by: Josh Horst

Thank you for the reply and advice! The reason is because it is an order of magnitude difference in cost ($4,000 vs. $400). Any thoughts?

I'm looking for a CPA this year who's knowledgeable about STRs! I converted a house hacking home into an STR and I'd like to perform an online DIY cost segregation study, such as KBKG.com, and apply bonus depreciation at the 60% rate this year. I self-manage the property, therefore I believe I can utilize the STR tax loophole, and apply these losses to eliminate my W2 income. The home is approximately $500K, and has some improvements.

My question is: how reliable are online DIY cost segregation studies? Has anyone had a negative experience? Can someone help me find a CPA that has experience with this?

Thank you all for the info and support! It'd be great to speak with you all on a more personal level about the housing market in Denver. Please message me if you have any insights.

I've been a big fan of the BiggerPockets Real Estate podcast ever since my brother recommended it to me last year. I listen to it while I drive around Denver delivering food for DoorDash (and spotting out viable investment properties). I'm looking for someone to help me out in the Denver market.

I studied aerospace engineering at CU Boulder, and am currently in an MBA program at CU Denver. I want to do a house hack when my current lease ends in August 2021!