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Updated over 5 years ago, 06/17/2019

User Stats

6
Posts
0
Votes
Jeffrey Trudeau
  • Rental Property Investor
  • Weymouth, MA
0
Votes |
6
Posts

Cost Segregation for 8 unit worth it?

Jeffrey Trudeau
  • Rental Property Investor
  • Weymouth, MA
Posted

This past winter my business partners and I purchased our first out of state property (8 units in Kansas City) for ~300K.

This first year we are making many upgrades and will not turn much of a profit. We are planning on holding the property for the long haul.

We have talked about cost segregation, but not sure it would be worth hiring an engineering firm/ CPA/ Tax attorney for a property that low in value.

Would like to hear what the BP community thinks. Thanks, Jeff

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