House of Horrors: The Legal Podcast For Real Estate Investors

104. Cost Seg Horror Stories with CPA Rom Neidhardt

Bonnie Galam

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0:00 | 43:52

Cost segregation is everywhere on real estate social media — but what the TikTok gurus aren't telling you is how fast it can go sideways when it's done wrong. In this episode, Bonnie sits down with cost seg specialist Rom Neidhardt to expose three real horror stories: an engineer who forgot you can't depreciate land, a CPA who couldn't read a drawing, and a $500 software report the IRS would shred on sight. If you've ever wondered whether cost seg is actually worth it — or whether your study was done right — this one's for you.

In this episode you'll learn:

  • What cost segregation actually is and whether your property qualifies (hint: it's not just for Fortune 50 companies anymore)
  • The three most common ways cost seg studies go wrong — and what a properly done study should look like
  • How cost seg interacts with 1031 exchanges, passive losses, and other tax strategies — and why sequencing matters more than most investors realize

Connect with Rom's tax practice here.

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DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney 

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