Mobile home park investing has a cost segregation edge most real estate investors never see. On most manufactured housing communities the operator owns the land and the residents own their homes, so nearly the whole purchase price sits in roads, utility lines, pads, and site work instead of a 27.5 year building. Run an engineering-based cost segregation study on that and 40 to 80 percent of the purchase price can land in 15-year land improvements that qualify for 100% bonus depreciation in year one. David Wiener, Mr. Cash Flow, sits down with Leo Young, founder and managing partner of Cornell Communities, an operator of more than 500 pads across eight states, to walk through what a cost seg study finds on a park, what changed when the One Big Beautiful Bill Act made 100 percent bonus depreciation permanent, when to order the study, what the engineer needs on site, and a real acquisition where a $1.05 million park produced close to $800,000 in accelerated depreciation.

Built for the real estate investor who has passed on manufactured housing because it looked small next to an apartment complex, the passive investor weighing an operator's deal and the K-1 that comes with it, and the business owner or tax professional who wants to see exactly where the depreciation comes from on a land-heavy asset.

WHAT YOU WILL LEARN

Why mobile home parks beat apartment buildings on cost segregation: land improvements, not a 27.5 year structure

What a cost segregation study finds on a manufactured housing community: roads, utilities, pads, fencing, signage, and how park-owned homes push the number toward 80 percent

100% bonus depreciation under the One Big Beautiful Bill Act, and why the placed-in-service date controls, not the date of the study

When to commission the study, what to hand the engineer, and why septic tanks and buried water lines need an on-site walkthrough with your contact

How to vet an operator before you invest: why the jockey matters more than the horse, and the recourse and exit questions to ask

CHAPTERS

Nothing in this episode is tax advice for your situation. Your numbers are your numbers and they need a professional who knows them. Tax evasion is a crime, but tax avoidance is mandatory.

Your host: David Wiener, "Mr. Cash Flow"

https://davidhwiener.com

David.wiener@cashflowstrategies.us

770-224-8504x2

Schedule a conversation or free consultation at

https://calendly.com/david-wiener/initial-consultation

Subscribe to The Tax Strategy Playbook Podcast Channel:

https://www.youtube.com/@TaxStrategyPlaybookPodcast/?sub_confirmation=1

Get updates, special episodes and live streams, and free resources on the latest tax strategies:

https://www.taxstrategyplaybook.com/newsletter/

#CostSegregation #MobileHomeParkInvesting #BonusDepreciation #RealEstateInvesting #TaxStrategyPlaybook

Took a COVID EIDL loan and have not thought about it in years? Check your status today. In late March the SBA moved hundreds of thousands of non-performing EIDL and PPP loans to the Treasury Department for enhanced collection, the hardship payment plans ended, and an EIDL loan default now gets collected like any other federal debt. The Treasury Offset Program can take your tax refund, administrative wage garnishment can take up to 15 percent of your paycheck, and a collection fee of roughly 30 percent gets added to the balance. No lawsuit, no day in court. In this episode of The Tax Strategy Playbook, David Wiener, Mr. Cash Flow, sits down with Phillip Zagotti, JD and CPA, founder of North Star Law Firm in Houston, to walk through what happens after an SBA loan default: who actually signed a personal guarantee, what the $25,000, $200,000 and $500,000 thresholds mean, why closing your business does not make the debt disappear, the 1099-C cancellation of debt surprise that follows EIDL loan forgiveness, the SBA offer in compromise window, and why Subchapter V bankruptcy may still be on the table even when the business is gone.

This one is for the business owner who took an EIDL loan during COVID and assumed it was forgotten, the real estate investor whose operating company or rental business carried one, and the CPAs, EAs, and tax professionals who are about to get the call when a client's refund does not show up.

Phillip Zagotti, JD and CPA, founder of North Star Law Firm, Houston. Admitted to the U.S. Tax Court, federal courts in Texas, and the California State Bar. His contact information is in the show notes at https://www.taxstrategyplaybook.com

Nothing in this episode is tax or legal advice for your situation. Your facts are your facts and they need a professional who knows them.

Your host: David Wiener, "Mr. Cash Flow"

https://davidhwiener.com

David.wiener@cashflowstrategies.us

770-224-8504x2

Schedule a conversation or free consultation at

https://calendly.com/david-wiener/initial-consultation

Subscribe to The Tax Strategy Playbook Podcast Channel:

https://www.youtube.com/@TaxStrategyPlaybookPodcast/?sub_confirmation=1

Get updates, special episodes and live streams, and free resources on the latest tax strategies:

https://www.taxstrategyplaybook.com/newsletter/

#EIDLLoan #EIDLDefault #SBALoan #TreasuryOffset #WageGarnishment #EIDLForgiveness #SmallBusiness #TaxStrategy #TaxStrategyPlaybook

Bought your rental years ago and never had a cost segregation study done? You did not miss your window. There is a four-page IRS form, Form 3115, that lets you catch up every dollar of depreciation you should have taken since the day the property was placed in service, all on one current return, with no amended returns at all.

In this episode of The Tax Strategy Playbook, David Wiener, Mr. Cash Flow, breaks down the cost segregation look back study, the Section 481(a) catch-up adjustment, why the three-year amended return clock does not apply to a change in accounting method, how bonus depreciation rates are locked in by the year your property went into service, and how to tell whether the catch-up is cash in your pocket this year or a suspended passive loss that waits.

Your host: David Wiener, "Mr. Cash Flow"

https://davidhwiener.com

David.wiener@cashflowstrategies.us

770-224-8504x2

Schedule a conversation or free consultation at

https://calendly.com/david-wiener/initial-consultation

Subscribe to The Tax Strategy Playbook Podcast Channel:

https://www.youtube.com/@TaxStrategyPlaybookPodcast/?sub_confirmation=1

Get updates, special episodes and live streams, and free resources on the latest tax strategies:

https://www.taxstrategyplaybook.com/newsletter/

#CostSegregation #Form3115 #RealEstateTax #BonusDepreciation #RentalProperty #TaxStrategy #RealEstateInvesting #DepreciationDeduction #TaxStrategyPlaybook