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
Crushing Your First Year as an Agent – With Elisa Stephano
Understanding Every Side of a Real Estate Transaction - With Kristie Link
Becoming a Real Estate Investor & Raising Capital – With Brandon Cobb
Mission-Based Strategic Investing – With Rick Melero
There’s Much to Gain from Short-Term Lending – With Ruben Izgelov
How to Gain Millions of Followers on TikTok – With Tatiana Londono
Print Marketing is Very Much Still Alive – With Luke Acree
Increase Your Conversion Rates by 300% Through Video Remarketing – With Grant Wise
Realize You’re the CEO of a Business – With Shelton Wilder
Attract Your Ideal Client Through Personalized Messaging – With Christina Daves
Losing Your Time to Minor Tasks – With Pavel Stepanov
How to Become a Real Estate Mogul – With Top Florida Realtors
You Don’t Need Much to Get Started – With David Dodge
Building Mutually Beneficial Business Relationships – With Sarah Desamours
Invest in Yourself for the Long Run – With Brian Adamson
Engaging Lazy Audiences Through Impactful Video – With Jeff Pfitzer
Success is the Result of a Process – With Brandon Turner
Automating Your Business For a More Sustainable Tomorrow – With Gabe Cordova
Becoming a $1,000,000 Listings Agent – With Annick Timmer
Learn How to Sell Experiences – With Michael Elefante
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