How to make 1900% on your money in real estate?
Get a cost segregation study on your commercial property in Houston, Texas or anywhere the IRS has jurisdiction.
You can write off the value of the building.
You can write off the value of the disposed assets that were included in the original purchase price of the building.
You can write off the actual value of any improvements based on the engineers estimate of the life of the asset.
In short, you're missing out on depreciation that the IRS and wealthy commercial investors are doing that we are not.
Most people will poo-poo the upfront investment for the cost segregation study but that's only because they don't have a grasp of the savings. You invest 10k and get 70k in tax savings the first year and about 155k over the next 4 years.
I know, I know, the 10k isn't something most investors will pay and these can run much more expensive, but its tax savings for investors who prefer to save or invest their money versus paying it their uncle (Sam).
Great luck!
Steven
The Baldest Guy in Houston
(For more information about Cost Segregation Services then call Dave Smith at 512-876-3650)
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