Jul '24 • RE Investor Strategies
Get Creative with Cost Segregation Studies: Save Big on Your Commercial Properties!
Hey all,
Ready to unlock some serious tax savings on your commercial properties? Let's talk about cost segregation studies. It might sound technical, but it’s a game-changer.
What’s the Scoop?
Cost segregation is about breaking down your property into different components and depreciating them faster. This means bigger tax deductions sooner.
Why Should You Care?
- Boost Your Cash Flow: More deductions = less taxable income = more money in your pocket.
- Turbocharge Your Tax Savings: Accelerate depreciation on parts of your property like fixtures, flooring, and landscaping.
Example:
Bought a commercial building for $1 million? Normally, you’d depreciate it over 39 years, but with cost segregation, you might reclassify $300,000 into 5-15 year property. Instant tax savings!
Fun Fact:
You can even apply this retroactively. Imagine getting a tax refund because you did a cost segregation study on a building you bought years ago. A gift that keeps on giving.
Who here has done a cost segregation study? Share your success stories or ask your questions below!
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Get Creative with Cost Segregation Studies: Save Big on Your Commercial Properties!
skool.com/benchmark-iq-community-3526
This group is full of future members of Benchmark IQ's 3% club! Before you get there, this is an amazing place to begin saving on your taxes.
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