Can you do a Cost Segregation Study Yourself
Can you do a Cost Segregation Study yourself?
If you’re a property owner wondering, “Can I do my own cost segregation study?” the answer is yes! Many investors are turning to DIY methods for cost segregation to save on the significant costs associated with hiring a professional – which can range from $15,000 to $25,000. Cost segregation is a strategic tax planning tool that allows you to accelerate depreciation on certain elements of your residential properties. This can lead to substantial tax savings and improved cash flow. The process involves identifying personal property assets within your real estate investment and reclassifying them into shorter-lived categories that can be depreciated over 5, 15, and 39 years, or 27.5 years for residential properties.
Get your report in 5 minutes!
Although cost segregation studies are typically conducted by professionals, many property owners and their CPAs are choosing to navigate this process themselves. There are several resources available online to guide you through the intricacies of conducting a report. While conducting your own study can be complex, however when you use our software we take the complexity out of it. Save thousands of dollars and significantly enhance the profitability of your real estate investments.
Conduct your own Cost Segregation Study Yourself Today!
You can get your official study by using our Cost Segregation estimating software. This tool allows users to complete a cost segregation report that shows potential tax savings from our study. Take 5 minutes to input data related to your property, such as purchase price, land value, and the type of property. Our software then estimates the amount of personal property within your building that can be reclassified into shorter-lived categories for depreciation. With over two decades of specialization in the cost segregation industry, our team has honed its expertise and navigated through its intricate marketplace. As seasoned professionals in cost segregation, we have leveraged our wealth of experience and insights gained from thousands of comprehensive, engineered studies to develop this do-it-yourself cost segregation software.