All Forum Posts by: Lawrence Porter

These public storage units are cash cows for their owners and the funding department loves them!

FICO scores and Collateral will be looked at. 

60-80% LTV

Rates Run With Standard Rates (sometimes better)

The cost seg can be done remotely. 

The most viable Cost Segregations are on buildings less than 20 years old as these leave depreciation to accelerate.

Here is a Cost Segregation Service Overview

We can initiate the process immediately thru http://instantcostseg.com/ and you can see your benefits immediately.

Thank you.

Larry G. Potter
Growth Management Group
15173 North Rd - Suite 201
Fenton, MI 48430

Here is an example of one done out in CA for a commercial property owner with several buildings. I cannot  provide too many details w/o revealing the client, but we handle cases where there may only be 30-40,000 in benefits.

P.S. Can we do a cost seg study on single family homes?

There will be two key factors:

Does the property or properties meet the minimum criteria (sometimes we can combine multiple properties to meet the minimum of $800K in cost for Cost Segregation or $50K in Property Taxes Annually).

Is there income generated by the property that a tax benefit can be applied against. This is only a necessity for Cost Segregation and not for Property Tax Review. Example: If rental income is generated, Cost Segregation may be a good benefit to offset part of that rental income.

In rare instances we have taken on residential (not for rent / owner occupied) cases for Property Tax Review when we can get an entire neighborhood to opt in (example: airport community, golf course community, etc.)

Larry at PropertyTaxBenefits.com

Under current tax law, your building is set to depreciate over 27.5 or 39 years. But many assets like lighting, carpeting and cabinetry depreciate much faster than that.

Which means you shouldn’t have to wait all those years to get a tax deduction for them. You want your money now. Not over decades!

If you wait, your money could be worth significantly less than it is today.

So, is my property a good candidate? It only takes about 60 seconds to find out.