đ±Book a call with our team â http://bit.ly/2lesrPD
âș Get A Free Stock on WeBull when you deposit $100 (Valued up to $1,400): â http://bit.ly/2xlc0q9
âș Join our private Financial Freedom Academy: â http://bit.ly/2GdjDCb
âș Ready to buy your first FULLY DONE FOR YOU rental property? Book a 30 Minute call with our team â http://bit.ly/2lesrPD
âș Want 0% Interest Funding For Your Real Estate? â http://bit.ly/3cIQLis
âș Read My Best Selling Book âHow to Pay Off Your Mortgage in 5 Yearsâ â https://amzn.to/2CcSxIB
âș Download our FREE Freedom Number Cheat Sheet here â http://bit.ly/2yj3pC6
—————–
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.
As a a full-service real estate investment company, Morris Invest conveniently builds a cost segregation analysis into our new construction projects. Itâs an extremely important element that allows for a tremendous tax-saving opportunity that is often overlooked â 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 âreal property â section 1250â tax classification, which depreciates over the entire lifetime of the property, and instead, places them into âpersonal property/land improvements â section 1245â 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 â making us experienced industry leaders.
—————–
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.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.