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Updated about 6 years ago,
Mike DymskiPoster
#5 Investor Mindset Contributor
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- Greenville, SC
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I just saved a bunch of money by switching to...
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.