A Cost Segregation Study was performed on a 2-story, 5,237 square foot Office Building located in Louisville, KY that was built in 1946 and purchased by its new owners in 2021.

I am not a licensed GC but I have experience building spec homes that I could show a bank Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?

I’ve received some very favorable estimates in cost and timeline for the plans I had created. 

In this case, the benefits of cost segregation can be significantly higher than under Option 1.

Partner Driven saw potential in this low-cost property on Windsor Dr, Saint Marys, OH, due to its strategic location and market demand.

In order to purchase this first property, we got a HELOC on our home for the down payment and closing costs.

With that said, does anyone have any additional tips on how to cut costs on materials when flipping? 

Hi Jennifer - This is really is going to depend on what is most important to you.With the first option, you get more cash out upfront but at the cost of higher fees and potentially a higher interest rate if you go for the 80% LTV option.

i say this not to discourage you, but just to help set expectations.based on the numbers you provided, for example - 40K down payment + closing costs + rental and make ready costs - let's call that $50K. 

@Marcus Welson I am not a CPA nor accountant but i think it is pretty clear as already said you can't deduct a loss of more than you Basis (cost) to acquire the asset.