Money-saving Tool Available For Real Estate Investors
But there’s help. A new service created by three real estate experts enables property investors to quickly identify and track personal property or “chattels” to accelerate their depreciation deductions.
Chattel Appraisals an easytouse online valuation tool provided by Dolf de Roos a real estate investor and author of the New York Times bestseller “Real Estate Riches”; Thomas Wheelwright a real estate tax expert; and Marshall Swift a leading real estate cost data provider allows property investors to quickly improve their bottom line by maximizing tax depreciation benefits.
Before the release of Chattel Appraisals cost segregation studies were typically expensive and reserved for commercial investors. Now residential property investors have the ability to log on to www.chattelappraisals.com and prepare summarized reports of personal property values at a fraction of the cost of a typical study.
“We are thrilled to provide our clients and other real estate investors with this powerful tax tool” said Wheelwright who is managing partner of DK Advisors a financial consulting firm. “Our experience over many years shows that a strong chattel appraisal can often triple or quadruple the depreciation deductions on an investment property in the early years. And the IRS specifically recommends Marshall Swift data in their audit guide for chattel appraisals.”
At a price of 199.95 Chattel Appraisals can save a user thousands of dollars on taxes each year. The service is available for owners of singlefamily rental properties and multiunit rental properties of up to 10 units.
“Chattel Appraisals will enable thousands of investors to get cash flow from investments through tax benefits that in many cases can turn a losing property into a cashflowing property” Wheelwright said. NU
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