Cost Segregation Study Experience

[Colby Wartman]

I currenntly have 5 properties and am needing to cut down on tax liabilities for this year. I have never done a cost seg for any properties up to this point and understand the fundamentals of the process. However, I would like to know a few things from people that are more experienced:

1. Who do you traditionally use? Is there any benefit from local companies?

2. In your experience, was the study pricing justified for how much tax savings you got?

3. I have heard that there are a couple different options. 1. Doing it by yourself with minimal assistance. 2. The hybrid method. 3. Having a company do the entire process. What have you found works best?

Again I have never done this and only have minimal understanding of the process! Any and all help would be greatly appreciated, thanks!

[Jasmine Joy Soriano Ramos]

This matter is fundamental when you're handling tax liabilities. I’ve used costsegregation guys on a few properties, and they’ve been easy to work with. I haven’t seen much advantage to local firms. The experience and audit support matter more.