A professional cost segregation analysis on a new construction rental property can save you hundreds of thousands of dollars on your tax bill. On today’s show, our cost segregation expert Josh is here to share cost segregation tax hacks.
You’re going to learn the benefits of having a full-service team conduct your cost segregation, and the tax savings you could receive. Josh is sharing how you can accelerate depreciation and save thousands on your tax bill!
More About This Show
As a a full-service real estate investment company, Morris Invest conveniently builds a cost segregation analysis into our new construction projects. It’s an extremely important element that allows for a tremendous tax-saving opportunity that is often overlooked – the chance to greatly accelerate depreciation deductions on land improvements and personal property early on in the game. Whether you perform a cost segregation study on a single-family home, duplex, or another type of rental property, you will literally save yourself thousands of dollars in the process.
A new construction cost segregation study is a thorough analysis of the non-structural components that make up a property for the sole purpose of reclassifying these eligible items into different tax classifications. Simply put, this pulls the eligible assets out of a “real property – section 1250” tax classification, which depreciates over the entire lifetime of the property, and instead, places them into “personal property/land improvements – section 1245” with new accelerated depreciation time frames.
Our professional team of residential real estate, construction, and engineering experts build the cost segregation studies directly into our new construction projects. This creates a hassle-free investment that is completely handled by Morris Invest.
A cost segregation study on a single-family home or duplex can take up to three months, or, longer. But, because it goes hand-in-hand with our real estate projects, when a new construction property is purchased with us, the study is already performed. This allows the buyer to accelerate their depreciation at a much faster rate, maximizing their tax savings. Our focus is on single-family residential rental properties and duplexes – making us experienced industry leaders.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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