Online cost segregation reports

[Gerardo Waisbaum]

Hello,

Does anyone have experience with diycostseg.com?

We need a cost segregation report for a 32-unit complex and this should be a must cheaper option but would like to hear from people who actually used their services.

Thank you,

Gerardo

[Nathan Gesner]

Can you? Yes.

Should you? That's a harder question.

I had two done last year and paid a pretty penny for both. I could have shopped around and saved thousands, but I chose to go with a proven professional to see what I would get. Now I'm more knowledgeable and can shop around.

The Fed is looking to hire 87,000 new IRS agents and over half of all audits are on people making less than $70,000 a year. This isn't a good time to be loose with taxes.

[Gerardo Waisbaum]

Thanks, Nathan for your response.

You are probably right, but since I got the lead from a CPA, I thought it was worth checking if other investors have used this service.

[Lee Ripma]

Quote from @Gerardo Waisbaum:

Hello,

Does anyone have experience with diycostseg.com?

We need a cost segregation report for a 32-unit complex and this should be a must cheaper option but would like to hear from people who actually used their services.

Thank you,

Gerardo

@Gerardo Waisbaum

Hi Gerardo - 

I personally use DIY for my own cost seg studies, even on larger buildings. I am a huge fan and I have a discount code if you want to reach out for it. 

I have priced out engineered studies that the DIY studies and haven't found a huge difference in my benefit but I have found a huge difference in the price that I pay. So I personally use DIY and I personally recommend DIY. I've spent tens of thousands with them over the past 5 years and I am a happy customer. 

[Gerardo Waisbaum]

@Lee Ripma Thank you!  

[Julio Gonzalez]

@Gerardo Waisbaum To be honest, with all the new regulations around documentation for cost segregation that has come out, I recommend having a professional do them. Of course, I may be biased, but I'd recommend it regardless. The IRS is taking a more conservative approach and hiring more employees as @Nathan Gesner mentioned and you want to ensure you have all your ducks in a row + a team behind you to back you up if something comes into question. I'd recommend researching all avenues and get multiple cost/benefit analysis quotes (most companies offer them for free). Then you can weigh it and the risks + costs of doing a self-study!