BiggerPockets Real Estate Podcast
Business:Investing
What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve wondered how the wealthy pay such few taxes while owning million-dollar-producing real estate, this is how. In today’s episode, you’ll learn how to use cost segregation, too, so you can keep more money in your pocket.
Taxes aren’t everyone’s favorite subject, but paying fewer taxes? You can probably get behind that. We’ve brought on CPA and CFP Mitchell Baldridge to explain how he helps real estate investors, large and small, delete their taxable income and build their real estate portfolios faster. Our own Rob Abasolo uses Mitchell’s team to cut his taxes down by more than six figures!
In this episode, we’ll explain what cost segregation is, why so many top real estate investors use it to lower their taxes, when you can (and can’t) use it on your properties, the short-term rental tax “loophole” to take advantage of, AND what happens when you do it wrong.
In This Episode We Cover:
How to wipe out your income taxes using cost segregation studies
Bonus depreciation and writing off your property faster than before
Using real estate losses to lower your W2 or business income
The short-term rental “loophole” ANYONE can use to reduce their taxable income
Carrying over losses and why top real estate investors will NEVER stop buying property
Caveats and pitfalls of cost segregation and when it can come back to bite you
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Davids's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes
Can a Cost Segregation Study Help You Lower Your Taxes?
Connect with Mitchell:
Baldridge Financial
Better Bookkeeping
RE Cost Seg
STR Cost Seg
Mitchell's Twitter/X
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-823
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
864: Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties
863: Commercial Real Estate: The “Buy Box” for Buying BIG Properties w/Kim Hopkins
862: From Sleeping on a Dirt Floor to Making $80K/Month (in 2 Years!) | ENCORE EPISODE
861: The Key to Scoring Discounted Deals in One of America’s Hottest Markets
860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market
859: BiggerNews: Fed Announces Rate Cuts, Jobs Grow, and Boomers Buy Up Housing
858: Real Estate Gone Wrong: The House Flip That Fell Over (-$380K) w/James Dainard
857: The House That Almost “Broke” Me: Losing $350K on ONE Property w/Mindy Jensen
856: College Dropout to $110K/Year in Cash Flow by Buying “Sheriff Sale” Properties w/Hunter Lawler
855: Seeing Greene: Student Housing, Lease Options, and How to Buy with High DTI
854: The State of Real Estate Investing: What You Need to Know for 2024
853: How to Make a 120% Return by Buying “Negative” Cash Flow Real Estate
The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench
852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing
851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie
850: Multifamily Experts: Look Out For These 7 “Red Flags” BEFORE You Invest
849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches
848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter
847: How to Fund Real Estate Deals Right Now w/Zach Lemaster
Pillars of Wealth by David Greene (Chapter 1)
Create your
podcast in
minutes
It is Free
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders