HOUSTON—Patrick O'Connor is founder and president of Houston-based O'Connor and Associates and Enriched Data. In the first part of this interview, he shared some insights into commercial real estate data and how quality data can be beneficial in sourcing sites and researching development opportunities. In the second part of this exclusive, O'Connor discusses cost segregation.
GlobeSt.com: What is cost segregation?
O'Connor: Most real estate investors pay more income taxes than appropriate. Cost segregation is an IRS-approved way of reducing income taxes by increasing depreciation.
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