All Forum Posts by: Dan Hazen

@Adriana Welborn, yes, it can absolutely be done on a condo. I ended up buying a SFH rather than a condo, but I spoke to multiple cost seg companies and it can make sense to do a cost seg on a condo if you can bonus depreciate, create a loss, and then offset other income to reduce your taxes. It seemed reasonable that you could do a cost seg on a condo for $3k or less, so it will likely save more in taxes & be worth it. Most important thing though is to make sure you are in a situation to be able to use that loss to offset income.

@Julio Gonzalez, the whole complex would be nice, but just a single condo to start ;) If the condo costs $750K and a cost seg segregates 25% that can be bonus depreciated, it could potentially be worth considering. I’m just assuming a single condo wouldn’t segregate out that much, as compared to an entire building or standalone home. 

@Julio Gonzalez, is the "25-30% of the total cost that can be segregated" typically applicable to a condo also? or is the % typically less on a condo vs a SFR? I'm considering buying a condo on gulf coast as an STR and wonder if a cost seg + bonus depreciation is something that could make sense.

@Ashley Atwood, I would recommend Alan Ceshker at Ceshker Group in Austin