A key component of my real estate strategy involved cost seg studies, claiming REPs and accelerated depreciation to shelter a large amount of active income. However, I've been speaking with a couple companies and gett...
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
Hi all,I am new to the BiggerPockets forum. First off, I want to thank all of you for providing me with a plethora amount of responses and discussions to read and learn from.A little about myself, I am 21 years old, M...
I'll make it quick. My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? Or do I have to have REPs status for this si...
Selecting the right real estate investment is a critical step that can set the tone for a successful business model. It requires careful research and consideration of all factors involved, including location, budget, ...
I've reached out to three companies who perform cost segregation studies and only received a response from one of them, despite my attempts to follow up with all of them. I received a predictive analysis which outline...
Are you looking into getting a cost segregation study on your property and wondering what benefits the study may provide and how much it will cost? Ensuring that you provide all of the applicable information to the co...
My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it. He said there is another, cheaper option where I basically fill in a ...
Hello everyone! Been reading these forums for a while, first time posting. So let's get right to the point: I have a half acre lot Chicago (Rogers Park). Building was crumbling, so had it demo'd and fenced in. I purch...
Hello everyone, my name is Nick Trey. I am currently studying to receive my BS in accounting and my MBA- Management. So, I wanted to see for those who are actively investing, what would you do if you had the chance to...