CAPSTAN Interview

The Mobile Home Park Broker's Tips & Tricks To Investing

MHP Podcast Episode 7: Interview with Ziv Carmel and Terry Johnson from Capstan Tax Strategies

Terry Johnson and Ziv Carmel joined Maxwell Baker to discuss tax depreciation strategies that can optimize the value of your mobile home park investment.

Terry and Ziv are with Capstan Tax Strategies, an engineering company that conducts cost segregation strategies for real estate investments to help owners maximize tax savings and leverage the investment to accelerate deprecation. They have conducted these reviews on numerous mobile home parks.

Here Are The Show Highlights:

• Mobile home parks are advantageous in terms of tax depreciation potential since so many of the assets are “non-permanent,” and therefore considered short-term assets that can depreciate in as few as 5 years. (3:54)
• The new federal tax benefit of bonus depreciation gives park owners the option of writing off the entire value of portions of the property in the first year. (12:21)
• The bonus depreciation benefit will phase out in the next few years, so mobile home park investors should take advantage soon. (13:32)
• Even if you have owned a community for years and didn’t know about the special depreciation tax benefits available, you can”look back” on the depreciation benefit you’ve earned but not taken advantage of, and get credit. (15:38)
• Ziv Carmel and Terry Johnson can be reached at Capstan Tax Strategies, 215-885-7510. (22:52)

Want to know more about depreciation and other tax advantages of mobile home park ownership? Drop me a line at [e-mail] or give me a call at 678-932-0200.

Power Quotes:

• “If it can be moved, it would be a non-permanent (structure) and a five-year asset.” (Ziv,3:54)
• “Now you've got the option, should you choose to do 100% bonus, which means taking the entire value of the 15 and 5 year property and write it off in the first year.” (Ziv, 12:21)
• “I think it’s really energized the real estate market within what could have been probably a pretty tough market.” (Terry, 13:32)