Tax minded Real Estate Investor

Member since 2019 · 1 post · 2 votes

My name is Shanshan, i am in North NJ, currently own 2 mortgage free rentals, first year trying REP + Cost Seg, looking to connect with Investors/Tax Pros/Agents on BiggerPockets.

Thanks

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Denise SuppleeBusiness Member
Realtor · Willow Grove, PA · Member since 2017 · 969 posts · 638 votes
7mo
Welcome, @Shanshan Yang, nice to connect. Exploring REP status alongside cost segregation is a smart way to think more strategically about taxes and cash flow. BP is the perfect place to trade real world experiences as you refine that approach.
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Sean GrahamBusiness Member
Investor , CPA · Detroit, MI · Member since 2016 · 582 posts · 248 votes
7mo
Welcome to BP! @Shanshan Yang. Mortgage-free properties give you a lot of flexibility when exploring depreciation strategies. So cost segregation can be especially impactful if your income supports the deductions.

Happy to help when it's convenient.
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JooYung Choi
Realtor · NJ · Member since 2023 · 215 posts · 99 votes
7mo
Hi Shanshan, NJ investor and agent here. Cost segs really help you scale your real estate portfolio. Make sure you are keeping detailed logs of your hours to be protected! Excited to see how this will shape your investing journey. Let's connect!
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