Hi everyone, I'm Rohmah and I'm new to the platform as well as real estate investing.

When investing in real estate, the goal is always to maximize returns while minimizing upfront costs.

The Phoenix real estate market continues to evolve, offering both exciting opportunities and unique challenges for house flippers.

This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions. 

I listen to the podcast and the Real Estate Rookie pretty religiously.

You came to the right place to learn more about real estate investing!

I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Discount Property Wholesalers, Real Property Network, and Coast 2 Coast House Buyers just to name a few.They can be a reliable source for off-market deals here in the Portland Oregon market.

@Stephanie Selby I recommend you evaluate the real estate first.