Erik Oliver has a degree in accounting and has been working with CPAs across the country for the past seven years to help accelerate real estate investment deductions, helping to save investors money on taxes. Cost segregation is accelerated depreciation, helping real estate investors take depreciation deductions against their incomes, by segregating various costs in real estate investment – such as carpets or tile – and front loading these deductions in the early years of an investment, rather than spreading it out across a 15 or 30 year period. The government incentivizes this to help stimulate the economy and the Tax and Jobs Act of 2018 increased depreciation deductions to 100% through December 2022.
Join Erik Oliver and Host Dan Lesniak as they discuss…
∙ What cost segregation is and how to take advantage of the deductions against your income
∙ How the Tax and Jobs Cut Act of 2018 increased depreciation deductions to 100% through December 2022 and why you should act now before the year is over.
∙ Why you should pay for a tax strategist – and not just a tax preparer – to strategize on reducing your tax bill
∙ What cost segregation is and how to take advantage of the deductions against your income
QUOTES TO SHARE
💬 “If you're a real estate professional, if you're a broker, or an agent, and you do that for a living, you kind of have the golden ticket when it comes to this cost segregation stuff.” - Erik Oliver
💬 “We've seen real estate investors basically paid little to no taxes over the last five to seven years. And so if you own real estate, and you're paying taxes, it's definitely worth looking into because the laws are so favorable right now.” – Erik Oliver
💬 “That bonus is a lever that's used by the IRS and the government to stimulate the economy.” – Erik Oliver
💬 “The whole idea behind cost segregation is take your deductions today at your high ordinary income rate, pay back a portion of it, and that portion is dependent upon how long you own it, pay back a portion at a future date at a lower rate, and save the spread.” – Erik Oliver
RESOURCES
https://www.linkedin.com/in/erik-oliver-b800657
Learning How to Grow in the South Florida Market
From the U.S. Army to a Luxury Real Estate Mom
From House Hacking to Partnerships with other Agents
Former NFL Player Pivots in the 30A Market
Find Luck with Massive Action
Acquiring the Real Estate Where You Work
Ditching the Brick and Mortar Model
The Case for a Mortgage Advisor
Principles Drive Strategy, Tactics, and What You Buy
Tyler Antrican Invests in Paid Leads and Systems
Krysta Acree Masters the Follow-Up
From Skateboarding to Storage – With Mikey Taylor
Creating Financial Security through Apartment Syndication – With Palmi and Nancy – the Kitti Sisters
Overcoming the Psychological Obstacles in the Market – With Scott Groves
Consistently Communicate with Potential Investors – With David Dubeau
Making 40 Grand in 40 Days through Real Estate Wholesaling – With Zack Boothe
Be Clear and Consistent with your Personal Brand – with Elizabeth Averyanova
There is No Ceiling on Your Life and Career – With Sam Primm
Lotus Update with Tom Burns, Christian Mack, and Scott Ryan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
The Power of Storytelling
NABOR® TALKS
U.S Property Podcast
The Ramsey Show
Planet Money