Use discount code SPC for more savings:
$50 off residential (1-4 unit)!
Over $1-2M Commercial assets?
Use discount code SPCC for $100 off commercial!
Go to: DIYcostseg.com to get started:
- Tell Us About You: Owner Name, Contact Phone, and Email.
- Tell Us About Your Property:
- Building/Entity Name to be printed on report to match your tax return (LLC, etc.)
- New construction or Purchase (and if a 1031 Exchange, the Step-Up in basis)
- Enter Property Characteristics (Construction Costs or Purchase Price, Land Value, Year Purchased, SF building, SF land, # stories, etc.)
- Select Building Type for list (Rental Home and Residential Condo are our SFR options)
- Select Building Grade (review options, this has a direct impact on results, be accurate)
- Building/Entity Name to be printed on report to match your tax return (LLC, etc.)
- How Much Will You Save: Click Estimated Additional 1st Year Depreciation button to review.
- Select Audit Defense: to be protected with a fully engineered report in the event of an audit.
- Enter Coupon Code SPC and Submit: payment PayPal or Credit Card options will be presented.
- Once complete, report will be generated to include a receipt and your input data.
Your Discount Coupon Code is: SPC
You need to be able to figure out * if a $500-9,000 cost segregation is worth the tax benefit, based on how much losses you are able to extract and how long you get to hold those taxes until you have to pay back the capital gain and depreciation recapture.
DIYcostseg has leveraged the engineering expertise and modeling data of ELB’s cost segregation data over 14,000 cost segregation studies to provide a modeling platform.
This platform has been thoroughly developed and tested, performing accurately as compared to ELB’s historical cost segregation data results.
A Cost Effective Cost Seg for Small Properties or Solo Owners
This platform was created to address the needs for both commercial and residential rental properties with an improvement basis of up to $2,000,000 or less.
It is recommended to opt-in to audit protection.
There are many properties with a basis value under $3,000,000 that will warrant the benefits of the full asset detail, and the retirement/disposition capabilities associated with ELB’s “fully engineered and accounted” methodology.
This tool is targeted towards a lower cost and immediate depreciation results of the DIYcostseg platform.
The ELB representative can discuss your specific needs and these cost segregation options with you.
* 95% of CPA’s are the run-of-mill, path-of-least-resistance crowd. Perhaps a reason why they still have a day job.
Of the good ones, or should I say, even a good one, will not be able to give you full financial planning advice such as how much to pull out of retirement accounts or what deals to go into. Think about it… its unfair for them because:
1) They don’t know the deal risk profiles nor the operators,
2) They don’t know your future deployment plans to account for your estimated Adjusted Gross Income (effective tax rate) for the next few years, and
3) they don’t know how much depreciation is going from the plethora of investments you look to go into.
This is where I tell my investors that it is your job to understand what you can and cannot do, and lead your professionals, whose job is really just to complete the technical paper work. CPAs and Lawyers are Contractors, but you need to be (or outsource someone to be) your Architect.
In other words, I don’t advocate looking for a good CPA and just trusting them to do it… their job is to fill in the right forms, but you need to be in control as the owner and not let the consultant dictate the scope of work.
In the Wealth Elevator Investor Club, our Mastermind Events, and even done full-service for you as a Family Office client, you are empowered to be your own Architect, and connected directly with our rolodex of able professionals.
The Wealth Elevator community is designed to raise your financial IQ, so you will be able to advise your tax professional on what to do, and they can implement your strategy, instead of them strong-arming you into a conservative and poor tax play.
begin your journey to financial freedom!
My name is Lane Kawaoka, and I hope my blog/podcast will help families realize the powerful wealth-building effects of real estate so they can spend their time on more important, instead of working long hours and worrying about their financial troubles. There are a lot of successful families with good jobs (teachers / engineers / programmers / finance) yet they struggle to make ends meet financially. It is their kiddos who ultimately get the short end of the stick. Being a Latch-Key Child growing up, both my parents had to work and I was left home alone after school to fiddle with my thumbs.
With Real Estate you are able to grow your wealth exponentially faster than the conventional 401K’s and stock investing, therefore you are able to escape the dogma of working 50+ hour weeks at a job that is unfulfilling. And if you are one of the lucky ones who happen to do what you enjoy… well good for you 😛
Money is not everything but it is important because it gives you the freedom to live life on your terms.
Annoyed by the bogus real estate education programs out there (that take money from people who don’t have it in the first place), I set out to make this free website to help other hard-working professionals, the shrinking middle-class. I hope to dispel the Wall-Street dogma of traditional wealth-building, and offer an alternative to “garbage” investments in the 401K/mutual funds that only make the insiders rich. We help the hard-working middle-class build real asset portfolios, by providing free investing education, podcasts, and networking, plus access to investment opportunities not offered to the general public.
“The true meaning of wealth is having the freedom to do what you want, when you want, and with whom you want.
Building cash flow via real estate is the simple part. The difficult part occurs after you are free financially to find your calling and fulfillment.
But that’s a great problem to have ;)”
excerpt from The One Thing That Changed Everything
