Cost Segregation Expert and Investor · Lakewood, NJ · Member since 2017 · 1k+ posts · 1k+ votes
7y
@Jason Graves you will need to have an engineer walk the property to have a real cost seg study done. There are many national firms who work in all 50 states. You can reach out to a firm to get an upfront (no-cost) feasibility analysis to see what your potential tax benefits would be, to see if it's worthwhile.
Specialist · Scottsdale, AZ · Member since 2019 · 44 posts · 30 votes
7y
We just finished 3 in Kansas City and Springfield. Yes, an engineer needs to identify, count and measure the assets on the property. Each company handles this differently. We think that we have found a nice blend of a fully engineered, full service cost segregation service. We’d love explain how.
Cost Segregation Expert and Investor · Lakewood, NJ · Member since 2017 · 1k+ posts · 1k+ votes
7y
@Jason Graves you will need to have an engineer walk the property to have a real cost seg study done. There are many national firms who work in all 50 states. You can reach out to a firm to get an upfront (no-cost) feasibility analysis to see what your potential tax benefits would be, to see if it's worthwhile.
Specialist · Raleigh, NC · Member since 2018 · 28 posts · 21 votes
7y
@Jason Graves. Both Scott and Yonah are correct. Most professional cost segregation firms (like ours and theirs) operate nationwide and send engineers on-site to identify, count, measure and document for property acquisitions. Providing complete asset detail allows you to easily dispose or abandon assets upon future renovations, repairs or maintenance. Be sure the firm you select provides the asset detail on straight-line property. Many don't, or just bundle the straight-line components together without details. Get a couple of quotes, and review the firms actual report.
Rental Property Investor · San Diego, CA · Member since 2018 · 242 posts · 234 votes
6y
@Scott Roelofs
Hey Scott just wanted to let you know that I appreciate your professionalism and service. I also appreciate getting the “first time customer discount” with promo code 3333. I like to save money so I can buy more real Estate. Several friends have also used this as well so again thanks.
I wanted to let you know I filed my taxes yesterday and because of the 3 cost seg reports I’m getting a $750,000 write off... This allows me to buying more buildings in 2020 so I will use you again.
I’m speaking at a meet up in San Doego next week 10/23 regarding out of state investing and will be recommending your company as well.
As a high tech software guy I like your use of drones.
Specialist · Scottsdale, AZ · Member since 2019 · 44 posts · 30 votes
6y
@Jason Graves Thanks Jason. We love helping investors, like yourself, pick up as much property as they can. The combination of Jason’s strategic real estate analysis paired with cost segregation makes for a powerful tool.