For all owners of income producing property: have you heard of or used cost segregation in regards to your property?

Cost segregation is an engineering based approach to separating your property into shorter tax lives, thus reducing your taxes and increasing cash flow.

I am just seeing if anyone is interested before putting my information here

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Posted by eng08

Member since Jan 2013

5997 posts

Posted on 11/16/20 at 9:37 am to Jeauxy

A friend did it, likely not worth paying for the studies unless your property is $1m plus.

If you built new you may be able to do it yourself based on contract schedule of values assuming it was detailed enough.

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Posted by Jeauxy

Member since Sep 2013

106 posts

Posted on 11/16/20 at 10:06 am to eng08

As someone who completes these studies, I will say the benefit is worth it. The studies don't typically cost as much as you'd think

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Posted by RedStickBR

Member since Sep 2009

14577 posts

Posted on 11/16/20 at 10:11 am to Jeauxy

We may be doing one of these soon, so feel free to leave your contact info. Thanks.

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Posted by BestBanker

Member since Nov 2011

17552 posts

Posted on 11/16/20 at 2:43 pm to Jeauxy

This post was edited on 12/11/20 at 9:29 am

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Posted by Rust Cohle

Baton rouge

Member since Mar 2014

1977 posts

Posted on 11/16/20 at 9:22 pm to Jeauxy

There is some software for a few hundred you can use. I am sure it’s frowned upon, and thought one should pay thousands to get one done. Legally who can prepare one? If I have a 50k property, and I say my flooring is worth $3 a sq ft, is an auditor going to have a problem with that?

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