All Forum Posts by: Matthew Waggoner

Quote from @Kate Sanchez:

@Matthew Waggoner Nice portfolio growth! Have you priced out a cost seg with projected tax savings now that REP applies, and run ROI to see if the upfront cost justifies the write-off?

That's where I'm at currently. I've seen that it can cost 500(diy, risky) to 5k(formal, costly, safer) but I don't actually know what I can get from it at this point. 
I have seen folks from kbgb online, but they typically handle larger portfolios. We plan to obtain more properties year over year, and planned to accelerate depreciation to allow reinvestment into our business to try and build faster, while assuring we have the systems in place to support the growth. 

Quote from @Costin I.:

@Matthew Waggoner - study this diagram to find answers to your questions and questions you have yet to think about.

 Thanks for this it's super helpful! 

Quote from @Julio Gonzalez:

Your property has the potential to benefit from a cost segregation study, but there are many variables to consider.

Would you have net income or net loss without the cost seg study? Are your real estate investments active or passive? Are your losses locked up against your passive income?

Have you obtained any detailed cost/benefit analysis quote? Most cost segregation study companies provide the quote for free. Is it a reputable company and will the documentation provided from the study hold up in an audit? If you need any help or have any questions, feel free to reach out

 Thanks Julio,

as far as I understand it, we can create additional passive losses from real estate that can be transferred to the income that I received on 1099 because of my wife. At the end of the day we will still have about 330k of household income(1099, W-2, and LLC) without cost seg. That is my problem and why spending even 20k to generate potential of 100k in immediate loss could be very helpful. Obviously I need to get a reputable assessment and weigh the options. I appreciate all the help in this forum.

She previously worked for a company, W-2 job. Now she essentially "works" within the company. We had to get our finances set and still make sure she qualified for the designation by accruing over 750hrs and more than 50% in the business. 

And yes, the depreciation will create passive losses that I can use to offset my income. 

i hope this clarifies.

I currently have 4 properties, 2 SFH and 2 duplex, that we have been renting since 2023. Initially these loans were in my personal name, and now as of 3/2025 are now in our LLC where we consolidated into a commercial loan to pull out equity. The initial purchase of these properties in 2023/2024 was 569k. When we consolidated these 4 units, appraisals were done and totaled 725k across the units.

We have not used depreciation yet, only bc we needed to get my wife into the real estate professional role(REP), which was done in 2024. 

I have a W-2 job as well as 1099 work that I have not placed into an LLC/Scorp yet(this is coming). We have a decent amount of tax liability for 2024, we had been holding on cost seg, bc of the REP and the status of bonus depreciation in Congress.

We have done some work to the properties, roof and windows in the duplexes, and flooring and basement drainage in the SFH.

I know that with cost seg these can be costly, so I am trying to get a feel for if this is worth it to pull the trigger to reduce our tax liability and maybe even get some return to reinvest. Curious of the thoughts of the brain trust.

Matt

Welcome @Roberto Vasquez

Toledo is a great area for opportunity to do fix and flip. My wife and I have a company that invests in the Toledo area, additionally we are still building out our network. We currently have 7 doors in the NW Ohio area. Would love to connect. 

Hi All, 

One of the main reasons that I began my venture in to real estate investing is to accelerate our family's plan to purchase property in Ireland to be closer to friends.
On a recent visit back to Dublin, I started to look more at the rules on airbnb in the Dublin area. Like many tourist destinations, Dublin suffers from extremely high rents pricing many local residents out and to try and negate that there are a number of rules placed on short term rentals in the city. The rule as I had read it was that if the property is intended to be rented out for more than 90 days, there is a requirement that there is a permit required. My first question is, does anyone have experience with obtaining this permit for Dublin that would be able to give feedback on how hard this is? The second question is, as my family is looking to occupy the property for the majority of the year, we are wondering if we need to register or seek a permit if we rent it out less than the 90 days of each year? 

Thanks in advance. 

Matt