End of year tax strategy and planning for real estate investments…

Reba Haas

I've been a real estate agent in the Puget Sound region since 2003 and came to the industry with a background in sales in the tech sector. I'd been interested in real estate for a long time and my mom also happens to be a 25+year veteran agent in Kansas. I didn't grow up around the industry but I have definitely taken the bull by the horns, so to speak, in my own area with some pretty positive results. I've got a great team of people working with me. There is tremendous power in a team and it helps to have different perspectives at times when it comes to running a business. All in all, we make a great team! We hope you'll get a chance some day to utilize our varied and excellent skill sets in a future real estate transaction. But, even if we never get to meet you, we hope you'll enjoy and appreciate the information we have to offer here.

3 Responses

  1. Tom says:

    Good advice with one addition. I represent a cost segregation company and can say with certainty that property owners who do use a CPA need to take a closer look at this opportunity. Do not assume that your CPA is familiar with cost segregation or the tremendous benefit you may have access to. From personal experience, I can tell you that very few local and regional firms have learned about cost segregation, and even when educated on the basics are hesitant to recommend the service to their clients. It is not uncommon for the property owner to take cost segregation to their CPA rather than the other way around.

    Tom

  2. Reba Haas says:

    Thanks, Tom, that is good information for people to have. So, the lesson to investors is that you need to become as educated as possible to the options available to you and that may provide you with beneficial tax treatment. You are right in that I have seen some CPAs tout their services for cost segregation but they have been few and far between.

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