All Forum Posts by: Jeff Earnhardt

@Henry Clark - thank you for the response. Yes, I have scheduled a call with our tax preparer to get specific numbers for how this impacts our taxes this year and for the next 3-5 years. I know I can use the write offs as my income this year closely resembles my income in 2024. I appreciate you.

@Lateefah Mathews thanks for the question. Yes, for CRE a condominium suite. Typically 4 suites per "building". I'd buy the end suite of the four units. I would buy inside of a new LLC. Lease a few of the office rooms to tenants and keep 2 of the offices for me. Thanks,

Hey...I'm considering begin a $500,000 commercial real estate suite about 10 minutes away from where I live. My goal is to stop paying rent to another organization, start paying rent to a NEW LLC that I'd use to buy the property, perform a cost seg, take a huge first year paper loss while I write this off my taxes against. I'd be open to finding the "right" tenants to occupy 1 or 2 of the smaller offices, ensuring that I maintain 51% occupancy.

I'd love to learn from this community before I put this plan into action. 

Thanks,