Cost Segregation Company needed

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Michael PlaksPro Member
Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
2y
Quote from @Account Closed:

I would highly recommend RE cost seg, they do give us a kickback for referrals though full disclosure. 

Thumbs up for the disclosure. Rare thing these day.
2Reply
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  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    2y

    @Jason Coleman

    Unless you find a cost segregation provider in Greensboro, travel costs will be involved. So the state does not matter for non-local companies.

    These 3 BiggerPockets experts each run a national cost seg firm:  @Bernard Reisz, @Yonah Weiss, @Julio Gonzalez. Reach out to them.

    2Reply
  • Malik JavedBusiness Member
    Specialist · Los Angeles California · Member since 2024 · 90 posts · 38 votes
    2y

    Congratulations, Jason on your new purchases. Cost Segregation is a great tax planning tool. I definitely recommend that you seek out a Certified Cost Segregation Professional so that you are confident in the quality of the work performed and the deliverables produced. Here are some key criteria for evaluating a Cost Segregation provider:

    -  Seek out a Certified Cost Segregation Professional

    - Consider their experience with tangible property regulations. Will they be prepared to address retirements and disposition? Repairs vs. capital expenditures.

    - Find out how long the provider has been doing cost segregation studies and how many they have performed

    - Consider the resources available to the provider.  Are they a nationwide firm?  Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.

    Feel free to send me a private message if you have any questions here.  

    KBKG | Tax Credits • Incentives • Cost Recovery 51 Review
    WebsiteView Page
    1Reply
  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    2y

    @Jason Coleman we work with a couple great cost segregation firms. Happy to make unbiased recommendation. 

    [email protected]628-241-0888
    1Reply
  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
    2y

    @Jason Coleman

    I work with a great cost segregation company. I would be happy to make an introduction. 

    404-482-3170
    Hampton Tax and Financial Services LLC4.7106 Reviews
    WebsiteView Page
    0Reply
  • Bernard ReiszPro Member
    CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg · New York City, NY · Member since 2017 · 581 posts · 563 votes
    2y

    @Michael Plaks Honored by the mention! 

    @Jason Coleman There are 2 steps to decision making with regard to Cost Seg. Step 1 is to get an estimate of the amount of tax deductions that may be available through Cost Seg. All quality Cost Seg providers provide complimentary preliminary analyses. Step 2 is to get your tax professional's input on the real value of those deductions to you. The "exchange rate" for conversions of tax deductions to tax savings vary from investor to investor. There are numerous factors at play and your real estate tax professional is best positioned to opine on that. Michael Plaks has created several great resources here on BP to educate about these, as does ReSure on its education platform (including some plagiarization of Michael's content!)

    @Malik Javed makes several valuable points that highlight that Cost Seg is not a commodity and what goes on "under the hood" varies from firm to firm. Malik - Glad that these points are being highlighted here on BP and def concur will them! 

    [email protected]
    1Reply
  • Account Closed
    Accountant · San Diego, CA · Member since 2019 · 1k+ posts · 552 votes
    2y

    I would highly recommend RE cost seg, they do give us a kickback for referrals though full disclosure. If you need an introduction please let me know! Our clients have found them to be much cheaper and easier to work with then the alternatives

    1Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    2y

    A DIY cost segregation study will likely give you the report within a day.
    These studies are generated by completing a questionnaire that was created by engineers.

    Best of luck.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.880 Reviews
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    0Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    2y
    Quote from @Account Closed:

    I would highly recommend RE cost seg, they do give us a kickback for referrals though full disclosure. 

    Thumbs up for the disclosure. Rare thing these day.
    2Reply
  • Account Closed
    Accountant · San Diego, CA · Member since 2019 · 1k+ posts · 552 votes
    2y
    Quote from @Michael Plaks:
    Quote from @Account Closed:

    I would highly recommend RE cost seg, they do give us a kickback for referrals though full disclosure. 

    Thumbs up for the disclosure. Rare thing these day.

     Ha thank you. I try to be as transparent as possible. No one likes fake authenticity 

    1Reply
  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    2y

    @Michael Plaks Thanks for the mention!

    @Jason Coleman 
    Here's an article with additional FAQs on cost segregation studies that you may find helpful. Feel free to reach out if you have any questions!

    https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq

    561-253-6640
    1Reply
  • George Taylor
    Member since 2024 · 8 posts · 1 vote
    2y
    Quote from @Jason Coleman:

    Does anyone have a trusted contact in North Carolina to perform a Cost Segregation Study? I have 3 properties I need assessed in the next 2-3 months. Located in Greensboro NC. Thanks. 


     Hi Jason, I just messaged you. I'm with CSSI and would be happy to discuss if a cost segregation route makes sense for you. Thanks.

    0Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    2y

    Which is a blatant violation of Bigger Pockets rules 

    0Reply
  • George Taylor
    Member since 2024 · 8 posts · 1 vote
    2y
    Quote from @Michael Plaks:

    Which is a blatant violation of Bigger Pockets rules 

    Haaaa, give me a break. You can refer 3 of your friends but try to call me out for reaching out to Jason directly because I actually work for a cost seg firm? You are ridiculous. I didn't realize this community was only for people in the good 'ol boys club. 
    0Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    2y
    Quote from @George Taylor:
    Quote from @Michael Plaks:

    Which is a blatant violation of Bigger Pockets rules 

    Haaaa, give me a break. You can refer 3 of your friends but try to call me out for reaching out to Jason directly because I actually work for a cost seg firm? You are ridiculous. I didn't realize this community was only for people in the good 'ol boys club. 
    Mentioning other providers does not violate the rules. Self-promotion does. I do not work for BiggerPockets and did not make these rules. 
    2Reply
  • George Taylor
    Member since 2024 · 8 posts · 1 vote
    2y

    If you don't work for Bigger Pockets, then why did you feel the need to address my post? Just about everyone in this thread has referred someone or offered to refer someone. What you did was ridiculous and if your feelings are hurt that much that you want to try to bring negative attention to me, who is newer to the community, then just report me and be done with it. I'm not going to back down to you because Cost Seg is what I do. I never offered him my services, I told him who I worked for and offered to have a conversation. 

    0Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    2y
    Quote from @George Taylor:

    If you don't work for Bigger Pockets, then why did you feel the need to address my post? 

    Because I'm old school. Some other people might choose to report you. Not me. I confront the offenders myself. Rules are for everyone. I follow them, and you should, too. If you tried to cut the line in front of me or park on handicapped, I will also confront you. Enough of this exchange.
    2Reply
  • George Taylor
    Member since 2024 · 8 posts · 1 vote
    2y
    Quote from @Michael Plaks:
    Quote from @George Taylor:

    If you don't work for Bigger Pockets, then why did you feel the need to address my post? 

    Because I'm old school. Some other people might choose to report you. Not me. I confront the offenders myself. Rules are for everyone. I follow them, and you should, too. If you tried to cut the line in front of me or park on handicapped, I will also confront you. Enough of this exchange.
    Old school and wannabe bully are two different things. Confronting through a direct message is old school, calling me out on the thread is a move made by someone looking to embarrass me and make me feel like I'm an "offender" when I never offered a service to someone. Also to try and bully me out of the entire cost seg threads. Again, I actually work for a cost seg firm. Do you typically try and bully someone and then back down when actually confronted on it? Because I can discuss this all day long with you. You're like someone who honks at a car for driving the speed limit and then looking away when they pull up to next you at a stoplight. 
    0Reply
  • Bernard ReiszPro Member
    CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg · New York City, NY · Member since 2017 · 581 posts · 563 votes
    2y

    @George Taylor Welcome to BP and welcome to the Cost Seg industry! 

    As you spend more and more time in both of those wonderful spaces, you'll find that Michael is among the greatest contributors to them, providing an abundance of no non-sense expertise. The wonderful and unique thing about Michael is that he provides info that's unbiased and objective. He's impartial and is a great resource for all real estate investors and service providers - and it's fair to say he can be the same for you. 

    Cheers!

    [email protected]
    2Reply
  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    2y

    Wow, this thread took a turn to the negative.

    [email protected]628-241-0888
    1Reply
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