Live Event - will also be Simulcast via a Live Stream!
Multi Family Group
Cost SegregationLed by: Brian Truman, Carly Radzimanowski, Sharon Conour
In Person or Online
615 Bakers Bridge Suite 120 Franklin, TN 37067
Members Only, sign up is required.
Guest Speaker: David L Thompson from Business Accounting Yormack & Associates
WHAT IS COST SEGREGATION
Cost segregation is the method of re-classifying components and improvements of your commercial building from real property to personal property. This process allows the assets to be depreciated on a 5, 7, or 15-year schedule instead of the traditional 27.5 or 39-year depreciation schedule of real property. So, your current taxable income will be greatly reduced, and your cash flow will increase.
COST SEGREGATION OVERVIEW
By accelerating depreciation, this strategy will reduce income taxes by $35,000 for every $500,000 in building cost basis owned. Cost Segregation is an Engineering service so most CPA’s will not do this for you.
This focus group meeting is for those interested in networking, education, or improving current performance within the multi-family space. Topics to be discussed will include current economic climate, finding deals, strategizing to increase value, cost segregation, increasing profitability through improved property management, syndicating a deal, and more.