It’s a reminder that in real estate, continuous learning and valuing experienced advice can save a lot of costly mistakes.

Deciding between buying down the rate and saving for a potential refinance can definitely feel overwhelming.

With careful tax planning, real estate professional status can provide significant tax savings opportunities.

Will they be prepared to address retirements and disposition?

Does it make sense to use your HELOC or borrow from your retirement funds to purchase a high risk property?

If you have strong savings and income it's not as big of a deal

There are local firms that will do it for you with the cost of about 1/3 the tax savings. 

They saved him some money by helping rip out a lot of what was likely going out anyway, they hauled it away (granted, they dumped it on the neighbor, but it's still out of there) and they didn't even leave any personal posessions.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

This will save you tons of time on the job and minimize delays.