Self Conducted - Cost Segregation Study

[Scott Brockelbank Jr.]

Hi BP Team, 

I just purchased my first couple commercial properties this year and thought of doing a cost segregation study. My accountant advised me that I could do it myself instead of hiring a company to do s to save a few thousand dollars. I understand that I will be no where as thorough as a professional company. Has anyone done this themselves? My accountant is not a real estate focused accountant so I am skeptical that I am stepping over dollars to pick up pennies by trying to do this myself. The subject property is worth about $1.2M with 4 of the 5 units completely rehabbed. I am also closing on another property around the same value but I will not be able to complete the rehab within this year. Appreciate any advice! 

[Sannah Gomez]

Obviously, you have every right to attempt this on your own by utilizing resources provided by the IRS. When I utilized Cost Segregation Guys for this identical type of property, I got over $280k in 5-year depreciation. I would have never discovered it without their engineered study.