A Blog About Tax Savings for Building Owners

Tag: Greenville SC (Page 2 of 2)

Cost Segregation in South Carolina

Photo Credit: John Murphy, Cost Seg Building

If you’re a building owner or a tax professional, CPA, Enrolled Agent, etc., and you’re looking for a cost segregation specialist here in South Carolina, I’m happy to be of help. I’m based out of Greenville, SC and represent Cost Segregation Services, Inc. The company has been studying buildings for 20 years. During that time we have successfully completed more than 35,000 engineering-based cost segregation studies across all building types and classes in all 50 states. While I’m based in South Carolina, I can study any buildings anywhere in the U.S.

Here’s a short video on what we do for building owners.

Cost segregation works on all types of buildings where the owner is receiving a lease or rent payment. In other words, it can’t be your personal residence. Typically the basis or cost needs to be north of $200,000 in order for the economics to work for the owner, but we have done some studies on buildings with a basis as low as $150,000. This works on commercial buildings, retail strips, self storage facilities, hotels, apartments, single family rentals, Airbnbs, short term rentals, offices, warehouses, industrial, shopping centers etc.

Call me at 864-276-1448. I can provide a no cost, no obligation quote so you can discuss it with your tax advisor to see if doing cost segregation makes sense for you financially.

Lee & Associates Greenville / Spartanburg Signs 13 Deals in December 2023

Photo Credit: Lee & Associates Greenville / Spartanburg

A sign that business continues to keep chugging along here in the Upstate of South Carolina, Lee & Associates Greenville / Spartanburg, announced that their brokers signed 13 industrial and land deals during the month of December 2022. While business might be slowing, there is still a decent amount of activity that is continuing. Lee & Associates Greenville / Spartanburg

The Upstate of South Carolina continues to attract investment from all across the country and more and more people come to realize that the cost of living as well as land and building costs are less here than in most places across the country. The proximity to Charlotte, NC as well as Atlanta, GA are a big help. I-85 runs through Greenville and provides great transportation access to the south as well as cities further up on the east coast. The Inland Port Greer is also a massive business driver helping companies with their supply chains as it has direct access to the Port of Charleston.

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