Our client renovated a small bungalow complex of 9 units at a NJ Shore location. After renovating the 9 dilapidated stand-alone single, 2 and 3 bedroom units they spent a total of $2.7 million that qualified for accelerated depreciation.
The tax savings this year alone is $246,000!
When buying and renovating bungalows and vacation rental investment properties, take the depreciation and do a cost segregation study with us. Contact us to get a free estimate today.
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The provided examples are for illustrative and informational purposes only. Results may vary depending on individual circumstances, and Manufacture Results LLC cannot guarantee the same outcome for others. Be sure to consult your own legal and tax professionals when making decisions for your specific situation.