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
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
how the lender will evaluate your loan
application when you you are asked for
such information and you are not able to provide
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.
Read the following document on BUILDING YOUR REAL ESTATE
BUILDING YOUR REAL ESTATE INVESTMENT
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
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 !!!