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
advantages!!
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: lyorey@bbgres.com
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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.