Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Because just like everything else - computers, cell phones, gasoline engines, they are becoming smaller, more powerful, and more efficient. 

Engineering Report has declared the property re buildable Goal to to be all in under 80kBased on lose comps 120K today would be the resale value to hit as a 3/1.

Hi There very excited to be part of this community, This is Williams Herrera a IT Engineer looking for the financial freedom, hungry to learn how to become a REI, I have saved 40k for my first deal but before that I would like to learn the most to minimize the risks and be able to get my first big deal.If you read this post please, share with me some advices and tips to get immersed in this RE world. 

Hey John, I used be a construction engineer and installed LVP in own house. 

Are we talking 10k for some hand waiving and reviews, 30-40k for the engineering reports / planning and submission, or 100k or more.

Currently I am an Engineer, so I do make good money.

Ask the planning group to look at another subdivision plans and also ask the engineering firm for a similar set of plans to look through.  

On the foundation I would have had a engineer come out if you had concerns.

Builders, house flippers, brokers, etc.Unfortunately, banking and finance services and certain architect and engineering services don't qualify.