Being an active real estate investor and after studying tax strategies for real estate, I found that performing a cost segregation study on a single family rental was an extremely powerful tool for tax savings. I was facing a large gain due to the sale of another property in my portfolio. After speaking with my CPA, we decided that a cost seg on an existing home offset that gain almost perfectly. I ended up deferring close to $12,000 in taxes.
We used to think cost segregation studies were too expensive and too time consuming to be beneficial to the client, but Titan Echo was user friendly and made it a breeze.
Our firm had traditionally not utilized cost segregation for our clients. After using Echo as a cost segregation solution, we can actively see the immediate tax benefits for our clients.
Echo cost segregation studies are a very practical and efficient way to provide our clients with the results they are looking for to help reduce their tax bills.