Johnny Borrelli is an Investment Adviser Representative serving Frisco, Plano, McKinney, Allen, and Dallas. He meets clients in person in Frisco or Dallas — no storefront, no office visit required. The practice is simple in concept: a lot of financial plans fall apart at the tax bill, so the planning starts there.
Ready to talk it through? Call (214) 203-9192. There’s no charge for a first conversation — in Frisco, in Dallas, or by phone.
North Dallas created a specific kind of investor: the accidental landlord. People who bought single-family rentals across Frisco, Plano, McKinney, and Allen in the 2010s rode one of the strongest appreciation runs in the country — and now sit on six-figure embedded gains with a decade of depreciation recapture attached.
Texas adds its own wrinkle. There is no state income tax, which simplifies the math — every dollar of tax in play on a sale is federal. But property taxes across the metroplex run among the highest effective rates in the nation, often around 2% or more of assessed value. That carrying cost is what pushes many local landlords toward the exit in the first place: the tax bill climbs with every reassessment while rents flatten, and the rental starts feeling like a part-time job you pay to keep.
Then there’s the California contingent. Frisco absorbed a wave of Bay Area transplants who sold California property, exchanged or relocated into Texas rentals, and are now selling again — carrying California filing obligations they may not know about. A plan built anywhere else misses all of this. The tradeoffs here are local even when the tax code is federal.
On the east side of the metroplex — Wylie, Murphy, Sachse, Rockwall — start with the Wylie page, written for that corridor.
It starts with your numbers — and on the west side, those numbers often include a California chapter. For a Frisco-area landlord: your gain, your remaining debt, your depreciation recapture exposure, your timeline against any deadlines, and any California filing history if you exchanged in from out of state. For a retiree: your accounts, your bracket, your Medicare situation, and the calendar. You leave knowing what you’re choosing between — even if the answer is “don’t sell” or “don’t convert.” Want a rough number first? Try the capital gains tax calculator.
Call Johnny Borrelli, Investment Adviser Representative: +1 (214) 203-9192. He meets clients in person in Frisco or Dallas.
Johnny Borrelli meets clients in person in Frisco or Dallas, and serves the surrounding suburbs including Plano, McKinney, and Allen. He is based in nearby Wylie. There is no storefront; meetings are arranged at a convenient location.
Before listing: get the after-tax number. That means federal capital gains, depreciation recapture (unrecaptured Section 1250 gain, taxed at a maximum 25% federal rate), and, for former California owners, any remaining California filing obligations. A first conversation covers your gain, debt, recapture exposure, and timeline — before the 45-day clock ever starts.
Yes. Many Frisco-area residents sold California property and exchanged or relocated into Texas. California tracks deferred gains on California-source property and generally requires annual filings until the gain is recognized — even after the move. That history needs to be part of the plan.
It depends on the capacity he’s acting in. As an Investment Adviser Representative of Crescent Advisor Group, an SEC-registered investment adviser, Johnny owes a fiduciary duty to advisory clients. As a Registered Representative of Crescent Securities Group, member FINRA/SIPC, his brokerage recommendations are subject to Regulation Best Interest. He may receive compensation, including selling commissions, if you invest in a securities product through him. Ask for his Form CRS (Customer Relationship Summary) — it explains the difference between the two capacities, how he is compensated in each, and the conflicts of interest that come with compensation.
This page is for educational purposes only and does not constitute tax, legal, or investment advice. Tax laws are complex and subject to change; consult your tax adviser and attorney before making decisions. Johnny Borrelli is a Registered Representative of Crescent Securities Group, member FINRA/SIPC, and an Investment Adviser Representative of Crescent Advisor Group, an SEC-registered investment adviser. CRD #6788697.
Meet in person in Frisco or Dallas, or start by phone — a first conversation covers your gain, your accounts, and your timeline, before any deadlines.
(214) 203-9192