All Forum Posts by: Aaron Zimmerman

It  would be capitalized because you’re improving the sidewalk. It would be depreciated over 15 years but it is eligible for 60% bonus depreciation in 2024.

@Jonathan Klemm thanks for the shoutout! Happy to help answer whatever questions you have. At this point, what’d be best is for you to file an extension until after the tax deadline and then find a cpa 

Feel free to reach out with any questions. Happy to answer anything accounting related

@Jonathan Klemm thanks for the shoutout!

Jennifer - happy to help in any way that I can. I’m a house hacker, commercial real estate (mixed use) investor, and a CPA. Feel free to reach out with any questions!

Tax Smart Real Estate Investors Podcast is a good one to start with. Goes through some pretty in depth RE concepts.

I would recommend listening and following the Straight Up Chicago Investor Podcast. You'll find a lot of great people to connect with on there to build your core team. Happy to be a resource in any way that I can!

Thank you for sharing! Love this post!

Are you looking for Phoenix area or are you open to working remotely? There's a lot of professionals on here that are experts in RE tax, so would recommend at least exploring remote. 

Here's my tips for investing in Chicago. 

1. Know the landlord tenant rules. The chicago RLTO is a good place to start if investing in Chicago. If you know the rules and follow them, you'll be fine. 

2. Know the neighborhoods. There's 77 neighborhoods in Chicago. If you're planning on visiting Chicago, make a point to go to as many neighborhoods as you can and that you feel safe.

3. It's a great market for finding small multi-family and therefore house hacking. Approximately 25% of our housing inventory is 2-4 units, which is perfect for a low down payment loan. 

4. Like any bigger city, cash flow will be hard to find in the best areas.

5. There are a lot of amazing professionals that you can build here with including those on this thread. 

6. Listen to the Straight Up Chicago Investor Podcast. It's a wealth of knowledge and there are some amazing people to learn and grow from. 

Hope this helps and good luck should you invest in Chicago. Happy to be a resource.

Yes- I do have a contact that likely performs these services. Juan Hernandez: https://www.hhm.cpa/our-team