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Updated about 6 years ago on . Most recent reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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4,908
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I just saved a bunch of money by switching to...

Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Posted

Thanks to @Brandon Hall and @Yonah Weiss for helping save $37,818 on 2017 taxes via a cost segregation study.

With multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Nice tax deduction, lots of people make money (vendors, contractors, home stores, agents, brokers, lenders, inspectors, accountants, engineers, management company, etc), and the neighborhood gets improved...everyone wins.

Most Popular Reply

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Yonah Weiss
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
1,521
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1,416
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Yonah Weiss
  • Cost Segregation Expert and Investor
  • Lakewood, NJ
Replied
Originally posted by @Mike Dymski:

Thanks to @Brandon Hall and @Yonah Weiss for helping save $37,818 on 2017 taxes via a cost segregation study.

With multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Nice tax deduction, lots of people make money (vendors, contractors, home stores, agents, brokers, lenders, inspectors, accountants, engineers, management company, etc), and the neighborhood gets improved...everyone wins.

 Thanks for the shout-out Mike! It is always a pleasure working with great people like you and Brandon.

Cost Segregation is really a no-brainer in most cases. Everyone wins! And to top it off, I now get your daily inspiration quotes! :)

  • Yonah Weiss
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