Jonathan St.Leger
Bonus Depreciation Question HELP NEEDED PLEASE From You Amazing Tax Pros!!!!
Hello BP Nation, I sure could use some help with a problem that I'm currently facing. So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed int...
Account Closed
Am I Entitled or NOT?
I am purchasing a multi unit here in Las Vegas, and we set to close on the 23rd of this month and well there has been a sticking point as of today. It is so small in nature and I am confident it will not change the ou...
Bill H.
7% Realtor Commission?
Does anyone have experience and/or success with increasing the selling agent's commission to 4% and keeping the 'standard' listing commission at 3%? Assume the house is priced in line with recent, similar comps. Tha...
Cory Tuck
Structure of General Contractor (GC) Incentives
I was wondering if anyone has come up with a successful agreement that aligns the interests of the owner and general contractor. I was looking to "partner" with a GC to work on some rehab deals. I want to set-up a s...
Julio Gonzalez
Cost Segregation on Office Building in Texas
If a Cost Segregation Study had not been performed on this $7,700,000 office and retail building located in Spring, Texas, that was purchased in 2018, it would have had first year depreciation of approximately $197,...
Julio Gonzalez
Cost Segregation on Warehouse Building
The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income. An additional benef...
Sean C.
Helping my father with a simple request.
Investment Info:
Single-family residence fix & flip investment.
This property was the first one I ever worked on with my father. He put it the market and the real estate agent advised him to add a closet...
Julio Gonzalez
Cost Segregation on SFH
A question that I am asked frequently is whether or not a cost segregation study is beneficial for single family homes. The answer is yes! We have seen properties benefit from a study with a purchase price as low as...
Sam K.
Funding for 2 unit ADU project on RM1-1 San Diego city
Hi BP Community,I have a RM1-1 zoned property in San Diego city. I know I'm allowed to construct to 2 ADU's on it. I want to do a ground up construction of 2 ADU's on top of each other. I have questions around financi...
Julio Gonzalez
Cost Segregation Study on Small Office Space
If a Cost Segregation Study had not been performed on this $1,300,000 small office space located in Kentucky, it would have had first year depreciation of approximately $32,723. Thanks to the Cost Segregation Study,...