Hi there,I'm trying to determine the best way to live in and eventually acquire a property as an inheritance while maximizing cost-effectiveness.

Hey @Kyle Nikolich - You'll get many different answers for new construction costs. 

For other clients, it's considering cost segregations. 

It appraised for 320k which is obviously a great spread but you have to remember closing costs, carrying costs, hard money costs and the cost of the refinance.

Also with cost seg how it now affects the way I actually file on those two properties.

Cost segregation can be a complicated topic, but I tried to break it down and make it easy to understand!

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

**As investors, you are closest to the consumer (home buyers/renters), so you tend to absorb costs and reduced profits from unexpected spikes in expenses that wholesalers or contractors pass on to you!

In a previous post, I discussed the difference in each of the most common cost segregation study approaches.