Cost Segregation Analysis on a 6-plex

[Diane Davis]

Looking for advise on how to select a company to perform a cost segregation analysis on a 6 unit apartment that I purchased in May of this year.  Property is located in Dunedin, FL in the Tampa/St. Pete area.  One local recommendation led to a company with an appraisal background and another local recommendation led to an a company that used a professional engineer and a CPA to produce a report.

Any tips on qualifications to look for in a company, and do they have to be a member of the American Society of Cost Segregation Professionals. 

Thanks,

Diane Davis

[Yonah Weiss]

@Omar Khan

It really has more to do with the cost basis of the property, and not the actual unit count. 

If the 6-unit was purchased for $1M it may very well be worth it. We have done luxury SFRs. I agree with your assumption, Omar, that 'in all likelihood' it is not worth it on smaller properties, but one's accountant should be able to give their expert opinion if it makes sense for their specific situation.