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)
- 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.
Full disclosure: I may receive a referral bonus if you use my link or code with DIY Cost Segregation. It doesn’t cost you anything extra — in fact, you’ll get $50 off.
Mouse-over to zoom in (may load for a moment)!
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.
Use discount code SPC for more savings!
About the author
Lane Kawaoka, PE, is the founder of The Wealth Elevator and the author of two Amazon bestselling books, The Wealth Elevator and Simple Passive Cashflow. He spent 12 years as an engineer, bought his first rental in 2009, and left his job in 2019. He built his base in real estate and today is a general partner, operator and fund manager working with a community of accredited investors across real estate, oil and gas, and private companies. His track record: $2.1B of past real estate acquisitions, 10,000+ units acquired, 65+ projects, and $230M+ raised.
This site is free education for accredited investors and high-income professionals whose net worth sits mostly in stocks, a 401(k) and a salary. Start with the guides, the podcast or an event.
This is educational content, not tax, legal, or investment advice. We are not attorneys, CPAs, or financial planners. Please let us know if you need a referral to a CPA, lawyer, or other vendor here.
