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Updated almost 3 years ago, 02/24/2022
Cost segregation study on a $500k duplex - recommendations
Good afternoon, BP investors. I have a duplex purchased in 2021 that I am thinking of doing cost segregation study on, to capture bonus depreciation for the 2021 tax year.
It is a duplex in the Miami, FL area that I bought for $500,000. Two units: 3/2 in the back of duplex, 2/1 in the front of the duplex w/ a fenced yard, concrete parking lot for 4 cars, some landscaping. Quite nicely finished on the inside from previous owner w/ tile floors, quartz countertops and stainless appliances.
I am wondering if anyone has some estimates for how much an engineering study on this would cost, and what I could expect to save, given the purchase price?
Any mentions of people I could contact would be great. Does the engineering business that does the study have to be in Miami? Do they have to do a site visit and walk the grounds?
Any help or experiences you might relate would be awesome. Thank you
It is a duplex in the Miami, FL area that I bought for $500,000. Two units: 3/2 in the back of duplex, 2/1 in the front of the duplex w/ a fenced yard, concrete parking lot for 4 cars, some landscaping. Quite nicely finished on the inside from previous owner w/ tile floors, quartz countertops and stainless appliances.
I am wondering if anyone has some estimates for how much an engineering study on this would cost, and what I could expect to save, given the purchase price?
Any mentions of people I could contact would be great. Does the engineering business that does the study have to be in Miami? Do they have to do a site visit and walk the grounds?
Any help or experiences you might relate would be awesome. Thank you