@Shannon Mogilinski I'd love to learn more about your meet-up!

Our family owned operation has been in business for over 10 years.

Happy to answer any questions you may have. 

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Totally agree, they are terrible.I will be reporting them to the governing department.Feel free to reach out and compare notes.

Try to get that list specific.

@Derek LeggettWelcome to Bigger Pockets.

I also encourage you not to give up on a real estate.

Glad to finally say hello.

I bring a furnace filter to exchange.