Mar 1, 2019
Cost segregation identifies building
costs that would typically be depreciated over a 27.5 period and
reclassifies them to permit a shorter, accelerated method of
depreciation for certain building costs. Your apartment building is
made up of thousands, maybe millions of parts. Flooring, cabinets,
lighting, stoves are examples of items that can have different and
shorter depreciation schedules. A cost segregation study identifies
and reclassifies those assets to shorten the depreciation time for
taxation purposes, which reduces current income tax obligations.
This is one of the biggest reasons on why we buy real estate. Tax
BBG is a nationwide commercial appraisal group that not only completes valuation, but helps real estate investors recognize rapid depreciation on their asset. Louis Yorey is a COST SEGREGATION expert with BBG. His group creates the cost segregation analysis/ report that assists you with tax savings.
To contact Louis Yorey: firstname.lastname@example.org
To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming educational events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.