All Forum Posts by: Bob Thomas

if you have a commercial property you are trying to lease, a brokerage house might be your best bet. They will take a size able commission, but that's the sacrifice for a painless way to get credit tenancy in your property. 

would you give me more info on what exactly you are looking for? Are you looking for what you should be charging as ground rent? Or What you should be charging as rent on the newly constructed property? 

I am assuming to is a commercial property, what type of use is it (retail/office/r&d), what are some lease comps on the area if you have them? What is the market/submarket (I can look up lease comps on costar)

by the way, business milage for 2015 is $0.575/mile

http://www.irs.gov/uac/Newsroom/New-Standard-Milea...

Meals and entertainment can be trickier. Make sure business is the main point of the meeting, keep a record of what you discussed in case of an audit and consult with your CPA. Also, you may want to check out the IRS website. They have a lot of good stuff.

http://www.irs.gov/publications/p463/ch02.html

Business losses can be carried back 2 years and forward 20 year for tax purposes. So for the expenses you incur initially, keep track of them and carry them forward to years where your can offset them against income your business generates. Of course, all the appropriate expenses caps/exclusions apply as discussed by rob above.

HI everybody, my name is Bob Thomas. I am a CPA and licensed real estate salesperson living in Berekely, CA. I currently work for a large commercial real estate firm, but have a personal real estate business/consulting firm that is focused on value-add investing, leasing and property management. I would love to connect with potential sellers, cash buyers and/or like-minded investors. Please let me know if you would like to meet or chat over the phone.

Regards,