How To Slash Your Taxes: Cost Segregation Strategies in Real Estate
In this episode of the LearnLikeaCPA Podcast, we delve into the ins and outs of cost segregation studies and their significant tax benefits in real estate investment. Listen to find out:
- How cost segregation studies have saved investors close to $2 million in taxes over three years.
- The importance of tax strategies and wealth preservation in real estate.
- The impact of location and property type on tax benefits from cost segregation.
- Key factors to consider, including the timing of cost segregation and its effect on tax brackets.
- Real-world examples showing potential tax savings and the patriotic aspects of leveraging tax laws.
Follow Ryan online: https://www.instagram.com/learnlikeacpa/
Timestamps:
00:00 Why tax savings are essential for wealth accumulation and preservation.
05:18 Cost Segregation: accelerating property depreciation for tax benefits.
09:59 Real estate case study: high ROI through cost segregation.
12:09 How to use losses to boost cash and offset income.
15:45 How to accelerate depreciation during high-income years.
20:49 The risks of DSCR loan with prepayment penalty.
21:26 How interest-free loans for reinvestment reduce your tax bill.
25:55 How a client saved $40,000 with tax return amendment.
29:12 Why taking advantage of economic opportunities is patriotic.
Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 5000+ high-level real estate investors
► Join here: https://www.facebook.com/groups/taxstrategyforinvestors
Interested in working with me? Apply here:
► https://learnlikeacpa.mykajabi.com/Application
Let's connect!
► Instagram: https://www.instagram.com/learnlikeacpa
► LinkedIn: www.linkedin.com/in/learnlikeacpa
► Twitter: https://twitter.com/LearnLikeaCPA
► Facebook: https://www.facebook.com/learnlikeacpa
► Tiktok: https://www.tiktok.com/@learnlikeacpa
*None of this is meant to be specific investment advice, it's for entertainment purposes only.
Create your
podcast in
minutes
It is Free