All Forum Posts by: Sang Ji

Hi Sean,

Is the Sole Proprietorship excluded from this requirement?

Thank you in advance!

Thank you so much!!

Hi Andrew, thank you for your expertise! if you do that, can you do the cost segregation for the new apartment complex you buy through 1031 exchange? And defer the depreciation recapture indefinitely (if you continue to do 1031 exchanges and cost seg over and over)

Thank you for the reply Melanie!!!  I heard that we still have chance for the "100% bonus depreciation" coming back after the presidential election. Should I wait for the tax filing then? In worst case scenario, can I retroactively file it in a few years for 60% bonus depreciation for the cost segregation I did in 2024? 

Thank you so much for the clarification Sean!!  

Thank you Melanie for the advise. IF the bonus depreciation is 60% for this year and I do cost segregation, what happens to the remaining 40% of the depreciation. I assume you deduct it over the next 5, 7.5 and 15 years? Is there anyway to use the remaining 40% on the following year? 

Than you!

Thank you so much!!! Yes, if you could, please send me their contact info. 🙏

Hello there,

I have a quick question about how to get the equity out of my investment property.

I have a single family house that I’ve been renting longterm in Atlanta, Georgia.

Bought it at $180K and paid off about $50K so far and the house price went up to $330K. Hence I believe the equity in that house is about $200K ($50K paid off principal + $150k of price increase).

I would like to take out about $100K of equity to buy an investment property in Texas.

How can I do that? Or what’s the best way?

Thank you!!