All Forum Posts by: Julio Gonzalez

Welcome to BiggerPockets, Andrew! This is a great place to learn and to meet people so take advantage of all the great resources.

-Julio

You are in the right place to learn and connect with people, Keaton! Welcome aboard and best of luck investing!

-Julio

Welcome to Bigger Pockets, Anna! You found the right place for information.

-Julio

Hi Nick, welcome to BiggerPockets! There is a great group of members on here to connect with.

-Julio

Hi Cranston, welcome to the community! There is a great group of members on here to connect with.

-Julio

Hi Carolina, welcome to BiggerPockets! Best of luck investing!

-Julio

Welcome aboard, Brian! You’ll love the community here. 

-Julio

You may hear cost segregation and think faster depreciation, but did you know that there are also benefits to having a cost segregation study done if an asset gets damaged?

Let me explain.

Let’s say you bought a building for $10,000,000. You did a cost seg study and the roof was valued at $500k.

Later, when the roof has an adjusted tax basis of $480,000, it gets damaged and needs replaced.

In this case, if you did a cost seg study, you would have the details necessary to identify the value of the roof in order to take a write for (i.e. a $480,000 loss.)

If you didn’t do a cost seg study, you would not have the $480,000 segregated from the rest of the building in order to easily write off the roof.

Compare a write off today to depreciating the asset over, say, 39 years - that’s a big difference!

If anyone has questions about this, please feel free to know my inbox or comments section is always open!

I’m here to share as much information as possible.

Most people think of manufacturing when they hear the term "Research and Development (R&D) Tax Credit". However, real estate is one of many industries that can also benefit from the credit. Specifically if you are creating the design for a "green" building, a unique structure, designing your building to improve the structure's power efficiency, etc.

From years of helping companies claim the Research and Development Tax Credit, we estimate that less than ⅓ of companies realize they qualify for the credit.

Reasons range from lack of information to misperceptions about the tax incentive.

That’s why I’m so passionate about helping CPAs and business owners become educated about this credit.

Here just a few of the advantages of the credit:

1. They provide access to tax refunds (get cash now!).
2. The three-year lookback allows for retroactive benefits.
3. They enable you to invest more into innovation and passion projects in the future.
4. The analysis required to calculate the credit provides insight into how much time and money was invested into R&D, which can then be used to better organize time tracking and documentation to help claim higher amounts each year as those processes improve.


So many of us are constantly innovating - we just don’t realize it! How do you stay on the cutting edge of your industry? What new ideas are you working on?

Yep huge benefits to cost seg studies! Thanks for creating awareness around this. Working with a great CPA and specialty tax professional is so important in order to maximize your investments.