In this episode, Brian is joined by Carlos Gonzalez to discuss the crucial topic of calculating the cost basis of real estate. They dive into the common mistakes investors make, such as misallocating land value and failing to accurately track property purchase details.
The episode delves into methods for correcting these errors, emphasizing the significant impact on tax deductions and the importance of working with knowledgeable professionals. With real-life examples and insightful tips, this episode provides valuable guidance for anyone involved in real estate investments.
The Real Estate Explainer podcast is produced and hosted by Brian Kiczula. Brian has been helping real estate investors navigate the changing real estate markets since 2002. Brian is a licensed Real Estate Broker and Cost Segregation Specialist. The podcast features interviews with real estate industry professionals in niche markets across the United States.
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