Cost Segregation - Titan Echo

[Chris Dengel]

I was wondering if anyone has actually used Titan Echo cost segregation software. I have recieved quotes to do a cost-seg  from a specialist on a pair of FURNISHED 16 unit apartments.  However, the way the deal worked out we closed one in November  2018 and the other in January 2019 and could no longer justify the price. Even at 32 units it was not cost efficient enough to make the “juice worth the squeeze”. However, if this software works well it could be easily worth the $600. Any thoughts?

[Bill S.]

@Chris Dengel Agree with the others, whoever is charging $15K for this is not working in your best interest. A fully engineered cost segregation report with complete asset detail should be half that cost. There are a number of charlatans out there claiming to be cost seg experts. We did a similar $600K+ multi-family project in KY recently with great results. Automated models work well on some properties, but do not provide the asset detail for future abandonment, disposition or retirement of assets.  Should an audit occur, you need the firm to stand behind and defend you by then delivering the asset detail to support the conclusions. Shop around.