Real Estate Investing

Put a CPA who is familiar with real estate investing on your “Dream Team” of Advisors!

In books and seminars you’ll be advised to consult your CPA or other tax advisor because the author or speaker is not rendering tax or legal advice. When you are learning about creative real estate investing techniques at seminars and meetings, are your advisors with you? Or, do they already possess the knowledge? Why should you have to teach your tax preparer?
Is that a good use of your time?

Well, I am a CPA who has the knowledge of real estate taxation and creative real estate techniques! I have formal education in real estate and was a real estate appraiser before I became a CPA. Since I even appraised commercial properties, i.e., “income producing” properties, I can take away the fear that the financial analysis part of real estate has for many investors.

I’ll be your sounding board, someone to discuss potential deals with before you invest - not afterward. Also, you want an advisor who will introduce you to methods that will make you money, don’t you? You will come to value an advisor who will keep you from making big mistakes. You can even use the financial calculators right here on my website, for free! For example, you may want to calculate loan amounts or determine a purchase/sale price to achieve a desired rate of return on your investment.

You may be wondering when you should add a CPA to your dream team. Well, it is probably sooner than you might think. One example, common to investors is that when you seek a loan you want to be seen in the best possible light. Whether the loan is from a conventional, hard money, or private lender, you want to able to provide tax returns prepared by a CPA, and have a CPA who can provide other requested information. What that means is you should select an accountant for your team when you start your real estate business. If you are thinking of waiting, take a moment to visualize how the lender will evaluate your loan application when you you are asked for such information and you are not able to provide "credible" documentation.

Make sure to read the section on Self-Directed IRAs to find out how to own real estate and other non-traditional investments in your IRA! This allows you to control the selection of assets to be owned by your IRA.

So, where do we begin? Please contact me using any of the information that appears in the "Contact Us" link above. I will meet with you for a “get acquainted” session at no cost to you. I want to know what you’d like to accomplish and I want you to find out about me.


What is Cost Segregation?

Cost Segregation is a strategic tax savings tool that allows companies and individuals, who have constructed, purchased, expanded, or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes.

In general, it is easy to identify furniture, fixtures, and equipment (FF&E) that are depreciated over 5 or 7 years for tax purposes. However, a Cost Segregation Study goes far beyond that by dissecting construction costs that are usually depreciated over 27 ½ or 39 years. The primary goal of a Cost Segregation Study is to identify all construction-related costs that can be depreciated over 5, 7 and 15 years. For example, some engineering studies have concluded that 20% to 50% of the total electrical costs in most buildings can qualify as personal property (depreciated over 5 or 7 years). Reducing tax lives results in accelerated depreciation deductions, a reduced tax liability, and increased cash flow.

Contact us at 216-621-1120 if you would like to find out if you might benefit from a Cost Segregation study. You may be amazed at the tax savings that you have been missing !!!