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Updated about 3 years ago on . Most recent reply

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Joseph James
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Cost segregation study on a $500k duplex - recommendations

Joseph James
Posted
Good afternoon, BP investors.  I have a duplex purchased in 2021 that I am thinking of doing cost segregation study on, to capture bonus depreciation for the 2021 tax year.

It is a duplex in the Miami, FL area that I bought for $500,000.  Two units: 3/2 in the back of duplex, 2/1 in the front of the duplex w/ a fenced yard, concrete parking lot for 4 cars, some landscaping.  Quite nicely finished on the inside from previous owner w/ tile floors, quartz countertops and stainless appliances.

I am wondering if anyone has some estimates for how much an engineering study on this would cost, and what I could expect to save, given the purchase price?

Any mentions of people I could contact would be great.  Does the engineering business that does the study have to be in Miami?  Do they have to do a site visit and walk the grounds?

Any help or experiences you might relate would be awesome.  Thank you

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Daniel Hyman
  • CPA
  • Milwaukee, WI
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Daniel Hyman
  • CPA
  • Milwaukee, WI
Replied

Some cost seg firms offer a complimentary feasibility analysis. 

You might want to contact @Yonah Weiss.

  • Daniel Hyman
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