Ever questioned if there's a way to keep more of your hard-earned money while building a robust investment portfolio? Cost Segregation might be the one for you. In essence, it's about putting your money to work for you, redirecting funds that would have gone to taxes back into your investments.
In this episode, Tim and Paul, alongside Erik Oliver, the Vice President of Channel Partnerships of Cost Segregation Authority and a Cost Segregation Expert, discuss strategies for maximizing real estate tax benefits. They suggest leveraging cost segregation studies to accelerate depreciation deductions, emphasizing the importance of front-loading depreciation for immediate tax savings.
The conversation delves into bonus depreciation, a powerful concept that can significantly enhance depreciation benefits, and the impact of the Tax Cuts and Jobs Act of 2017 on real estate investors, emphasizing the potential for substantial tax savings through cost segregation and bonus depreciation strategies.
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WHAT TO LISTEN FOR
2:24 Cost Segregation Study
6:02 The Benefits Of Child Tax Credits And Bonus Depreciation Passing As A Bill
26:48 Erik’s Process Of How Cost Segregation Works
34:41 Erik’s Thoughts on Famous Quotes and Opinions
RESOURCES/LINKS MENTIONED
Tax-Free Wealth by Tom Wheelwright
Cost Segregation Authority
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert Kiyosaki
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Tim Lyons, Greg Lyons and Paul Dircks are Registered Representatives of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Podcasts reflect the opinions of only the authors who are Registered Representatives of Finalis and do not reflect the views of Finalis, Inc. or any of its subsidiaries or affiliates. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments. Any third-party information provided therein does not reflect the views of Finalis or any of their subsidiaries or affiliates.
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