Podcasts about cost segregation studies

#bewealthybrett #wealth #investing #realestate TWO SEATS AVAILABLE - Be Wealthy Mastermind Shadow Experience. Apply Here: https://bit.ly/Applyhereep10Are you a Fix and Flipper? Looking for your next hard money loan? Get started today with Versara Capital! (my very own hard money business) Click the link to apply: https://bit.ly/43nqYH2Dave Ramsey Baby Steps: https://www.ramseysolutions.com/dave-ramsey-7-baby-stepsDave Ramsey 15 Year Mortgage: https://www.ramseysolutions.com/real-estate/why-daves-against-30-year-mortgagesDave Ramsey How to Invest in RE: https://www.ramseysolutions.com/retirement/how-to-invest-in-real-estateUnlimited Power by Tony Robbins: https://amzn.to/3vh9IqyGeorge Anyone Books: https://amzn.to/3Vp7EaHInvest in Debt by Jimmy Napier: https://amzn.to/3wZIpkV00:00 - Intro01:58 - Life Update & Tony Robbins 5:16 - Buying a Yacht6:40 - Dave Ramsey Core Beliefs9:26 - Dave Ramseys Baby Steps19:15 - Buying a Home27:55 - Dave Ramsey Investing in Real Estate44:07 - Dave Ramsey Fans Fact Checking 46:35 - DAVE RAMSEY IS RIGHT 47:16 - Facebook Group Questions47:31 - Hard Money Lending Books/Advice 48:51 - Paying Your Kids/Financial Sherpa50:15 - Where Should I Place My Money At 20? 51:39 - Episode Summary

Ever wondered how you could significantly reduce your taxable income from real estate investments in just one year?In this episode, Mike Jesowshek introduces Gabriel Florentino from Engineered Tax Services to discuss cost segregation studies, a tax strategy for real estate investors aiming to accelerate depreciation deductions. Gabriel explains the concept and benefits of cost segregation, emphasizing its significant impact on reducing taxable income by identifying and reclassifying property components to shorter depreciable lives. The discussion also covers the importance of understanding accounting terms, the difference between cost segregation and traditional depreciation methods, and the added advantage of bonus depreciation introduced in 2017, which allows for even greater tax savings in the early years of property ownership.[00:00 - 08:37] Cost Segregation StudiesMike introduces Gabriel Florentino to discuss how cost segregation can be a key tax planning strategy for real estate investments.Cost segregation allows for accelerated depreciation, offering significant tax benefits.Gabriel explains cost segregation as a method to write off 25-30% of a real estate asset's purchase price in the first year.[08:38 - 14:36] The Impact of Bonus DepreciationBonus depreciation, starting in 2017, boosts the benefits of cost segregation by allowing immediate depreciation of certain assets.Gabriel highlights the significant tax savings achievable, even as bonus depreciation percentages change over time.[14:37 - 19:52] Practical Examples and Cost Study AnalysisGabriel provides examples demonstrating the financial benefits of cost segregation and addresses the costs associated with conducting a study.Insights into the factors affecting the cost of a cost segregation study, including property type and location.[19:53 - 22:08] Conclusion and Final ThoughtsEmphasis on the value of cost segregation for both active and passive real estate investors.Gabriel mentions the complimentary benefit analysis offered to evaluate the potential benefits of conducting a cost segregation study.Direct Quotes:"Even if it's sunsetting, there is still a huge benefit of doing a cost seg study on a property." - Gabriel Florentino"Cost segregation study is still a strong tool because you're getting the real value of depreciation for a lot of components inside a property." - Gabriel FlorentinoConnect with Gabriel!Email: gflorentino@engineeredtaxservices.com Website: https://engineeredtaxservices.com ______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin TaxElm: https://taxelm.com/IncSight Packages (Full-Service): https://incsight.net/pricing/Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/YouTube: https://www.youtube.com/@TaxSavings 

Thank you Horizon Trust for sponsoring this podcast! Get started today at MaxOutRetirement.com Notes from PaperStac: https://paperstac.comCost Seg: SingleFamilyCostSeg.comFree Resources: https://www.bewealthybrett.com/resources

What's up, everybody! I'm bringing to you another solo on how unfortunately the housing market just isn't moving as expected. Highlights: 03:30 Commercial Real Estate is in a Recession 07:00 Best Season to Earn from Rentals 08:20 Tips for Homebuyers in a Volatile Market 1210 Getting Deals Done 14:30 Rate Cut in June? Make sure you watch this episode until the end. Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the best entity for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a FREE call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife#investor #realestatepodcast #podcast #podcasts #kennysimpson --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to our 22nd episode for Season 3! We are excited to share with you this podcast episode that we did for Bigger Pockets On the Market Podcast. We have dropped gold nuggets here that can help you with the current mortgage issues that you have. Highlights: 02:09 Introduction with Dave Myers of Bigger Pockets 09:26 Commercial Lending in 2024 15:40 San Diego is the best place to house hack! 21:10 Mortgage rates and the 10-year treasury 28:40 Where's CRE going this year? Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife#investor #realestatepodcast #podcast #podcasts #kennysimpson --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

WEBSITE: ⁠https://linktr.ee/Wynningteam757⁠ SPOTIFY: ⁠https://open.spotify.com/show/1TI7Grj...⁠ APPLE PODCAST: ⁠https://podcasts.apple.com/podcast/id...⁠ LINKEDLN: ⁠https://www.linkedin.com/company/chan...⁠ HOST: Tyler Wynn ( ⁠https://www.instagram.com/wynningteam...⁠ ) BEST CUP OF COFFEE: www.taxusstreetcoffee.com In this episode, tax advisor Larry Pendleton discusses various tax strategies and deductions for both W2 employees and self-employed individuals. He explains the progressive tax system for W2 employees and how tax brackets work. He also highlights the importance of understanding the tax code and leveraging deductions to lower tax liability. Pendleton provides insights into the benefits of short-term rentals and cost segregation studies for rental properties. He discusses the advantages of different entity structures, such as LLCs and S-corps, and when it's appropriate to make an S-corp election. Pendleton also shares tips for keeping clean books and maximizing deductions for marketing and business travel expenses. The conversation covers topics such as student debt forgiveness, financial education, long-term transition to lower taxes, interest on student loans, investment strategies, investing in mortgage notes, choosing investment locations, affordable housing issues, and hiring a tax professional. Chapters 00:00 Introduction and Overview 01:03 Understanding W2 Taxes 02:08 How Taxes are Calculated for W2 Employees 03:08 Tax Strategies for W2 Employees 04:07 Tax Deductions for W2 Employees 05:04 Tax Strategies for Self-Employed Individuals 06:29 Tax Benefits of Short-Term Rentals 07:46 Proving Material Participation in Short-Term Rentals 09:06 Cost Segregation Studies for Rental Properties 09:59 Impact of Cost Segregation on Taxable Income 10:57 Tax Strategies for 1099 Contractors 16:32 Tax Implications of Self-Employment 17:54 Writing Off Home Office Expenses 19:22 Deductible Expenses for Business Owners 21:41 Writing Off Vehicle Expenses 23:37 Benefits of Having Multiple Vehicles for Business 24:34 The Role of LLCs and S-Corps in Tax Planning 26:00 When to Consider an S-Corp Election 27:29 Choosing the Right Entity Structure for Rental Properties 30:48 Bookkeeping and Record-Keeping for Small Businesses 32:14 Cash Basis vs Accrual Basis Accounting 38:41 Tax Deductions for Marketing and Influencer Expenses 40:32 Deductible Expenses for Business Travel 43:54 Recent Changes in the Tax Code 45:20 Improvements to the Tax Code for Everyday People 46:43 Tax Strategies for Childcare and Education 47:10 Adjusting Tax Rates for Inflation and Cost of Living 47:18 Student Debt Forgiveness 48:32 Financial Education 49:28 Long-Term Transition to Lower Taxes 50:26 Interest on Student Loans 52:19 Investment Strategies 54:13 Investing in Mortgage Notes 56:37 Choosing Investment Locations 57:59 Affordable Housing Issues 59:25 Hiring a Tax Professional 01:01:19 Single-Member LLCs vs Multi-Member LLCs ****DISCLAIMER*** I AM NOT A CPA, ATTORNEY, INSURANCE, CONTRACTOR, LENDER, OR FINANCIAL ADVISOR. THE CONTENT IN THESE VIDEOS SHALL NOT BE CONSTRUED AS TAX, LEGAL,INSURANCE, CONSTRUCTION, ENGINEERING, HEALTH OR SAFETY, ELECTRICAL, FINANCIAL ADVICE, OR OTHER AND MAY BE OUTDATED OR INACCURATE; IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. THIS IS A PODCAST AND YOUTUBE VIDEO FOR ENTERTAINMENT PURPOSES ONLY

Check out our past deals, future ones, and join our community: https://thewealthelevator.com/club/In this podcast, the host discusses potential changes to investment laws and how they might impact commercial real estate investors and others. The host interviews a student loan expert who describes the challenges of seeking a home loan when you have significant student loan debt. They also discuss loan forgiveness programs, refinancing options, and the pros and cons of private versus federal loans. The expert also covers income-driven repayment plans and the benefits of staying in federal loans. The host highlights the importance of using third-party consultants for financial advice.00:02 Introduction to the Podcast00:10 Upcoming Changes for Credit Investors00:20 Understanding the Tax Relief for American Families and Workers Act00:43 Implications for Commercial Real Estate Investors00:50 The Impact of the Tax Cut and Jobs Act01:21 How to Leverage Tax Benefits01:39 The Importance of Cost Segregation and Recapture01:48 Predictions for the Future of Tax Legislation02:09 The Role of Cost Segregation Studies in Real Estate Investing02:24 Understanding Real Estate Professional Status02:38 The Potential Impact of New Legislation03:00 How to Navigate the Political Landscape as an Investor03:25 The Importance of Strategic Investment Planning04:19 Changes to the Accredited Investor Definition04:53 The Challenges of Investing in Single Family Homes05:11 The Importance of Building Net Worth05:56 The Struggles of the Middle Class06:56 The Impact of Student Loans on Financial Stability07:23 The Importance of Alternative Investments07:57 Interview with Jan Miller, Student Loan Consultant08:38 Understanding Student Loan Forgiveness14:45 The Challenges of Getting a Home Loan with Student Loan Debt22:35 The Risks of Refinancing Student Loans26:12 The Importance of Personalized Student Loan Advice35:14 Conclusion and Final Thoughts Hosted on Acast. See acast.com/privacy for more information.

Welcome back folks to our first episode in 2024! We're still on Season 3 and now in episode 19. College may equip you with knowledge, but entrepreneurship demands a different toolkit. Mikey Lucas dropped out but this became a blessing in disguise for him. Make sure you watch the full episode from start to finish! Highlights: 05:09 Beside every successful person is a dependable support system 17:40 The Haters would be right if I didn't become successful 25:40 Focus on the next decade Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife#investor #realestatepodcast #podcast #podcasts #kennysimpson --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

After a dramatic year that saw rates hit over 8% in October, forecasters anticipate a gradual decline throughout 2024. The National Association of Realtors (NAR) expects rates to settle in the 6-7% range by springtime, offering a potentially significant boost to affordability. Fannie Mae, a leading mortgage financier, shares a similar perspective, predicting an average 30-year fixed-rate mortgage of 7.1% by the end of the year. Hey everybody, this is Kenny Simpson and this is The last GITCFG episode for the year! Make sure to watch this episode from start to finish.Follow us on Instagram@kennybsimpson @krystlersimpson-----SPONSORS:* Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call!* Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you!#realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife #investor #realestatepodcast #podcast #podcasts #kennysimpson #interestrates --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

The new year is just around the corner, and with it comes a fresh wave of resolutions and aspirations. We all want to be better versions of ourselves, to achieve more, and to make 2024 our best year yet. But how do we make that happen? Morning Hero Jarvis Leverson confirmed it for us that early risers thrive! Show Highlights: 06:20 Jarvis' Defining Moment20:30 Why You Should Get Into A Day Dream State 31:00 By Winning the Morning, You Win in Every Area of Your Life45:00 The Morning State As a husband and as a father, Jarvis realized that there just wasn't enough time in the day to be effective at work and also be effective at home. Frustrated with having to choose, he became OBSESSED with productivity and time management. He wanted to prove that you can have it all - an awesome business and an awesome family life! He engineered a productivity formula that allowed him to get all of his work done by lunchtime (#DoneByLunch) so that he could flip into #DadMode and spend the rest of the day with his family. One of the best things you can do for yourself in the new year is to start your day right. And per Jarvis, what better way to do that than by waking up early? Make sure you watch this episode from start to finish!-----Follow us on Instagram@kennybsimpson @krystlersimpson-----SPONSORS:* Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call!* Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you!#realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife #investor #realestatepodcast #podcast #podcasts #kennysimpson #earlyriser #jarvisleverson --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Today's episode will inspire those looking to transition to real estate investing. Tom Harr started as a home inspector in his father's home inspection company in 2017. After inspecting over 5,000 homes after 2 years, he transitioned his focus to real estate investing, where he masterfully renovated 150+ houses, facilitated over 150 wholesale deals and built a 65-unit rental portfolio valued at nearly $15,000,000. Additionally, he manages 25 short-term rentals in-house. Tom's achievements have garnered recognition, which has been featured in Business Insider in 2022. At this time he is additionally, dedicating himself to mentoring/coaching over 350 students nationwide, unveiling the REAL SIDE of real estate! Tom Harr's journey is an inspiration to anyone who has ever dreamt of turning their passions into profits. It's a story about seeing beyond the surface, about taking risks, and about the transformative power of believing in a home's potential. It's a reminder that sometimes, the greatest treasures are found not in perfect properties, but in the ones that whisper with possibility. This is a must-watch episode for anyone looking at how to start investing. Make sure you watch this episode from start to finish! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #whatsamortgage #minhnguyen #notyourdaddyslender #jebsmith #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

This is honestly a must-watch episode for anyone who is in the housing market - whether you're a realtor, loan officer, Here are the highlights of today's episode: 02:00 Meet Mihn, Theoni, and Jeb! 07:10 Bold Market Prediction 21:00 Who are you Speaking to? 39:01 Tips for Those Looking to Make it Big in Social Make sure you watch this episode from start to finish! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #whatsamortgage #minhnguyen #notyourdaddyslender #jebsmith #mortgageofficers #loanofficers #socialmedia #socialmediamarketing #socialmediastars #realestate #realestateinvesting #investing #investingtips #investing101 #investingforbeginners #realestateagent #realestatetips #realestateinvestor #realestatelife --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Today's episode features the Top 3 Mortgage Broker in our favorite nation - Canada. Alex McFadyen gives us insider knowledge on what's happening in our neighboring country. Not only that, as a podcast host of The Flow State, he is passionate about helping people start a healthy relationship with money to build wealth.Here are the highlights of today's episode: 03:00 Have a Relationship with Money 06:26 Passion for Financial Success 13:00 US V Canada Housing Markets 32:01 Opportunities for First-Time Homebuyers48:00 Define Generational Wealth Make sure you watch this episode from start to finish! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- About the guest:Alex McFadyen is one of the Top 3 Mortgage Brokers in Vancouver, Canada. He is the host of The Flow State and he is a hardcore real estate investor. Follow Alex on Instagram @https://www.instagram.com/themortgagepug/ ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #commissionlawsuit #successmindset #investingtips #alexmcfadyen #marketing #canada #vancouver --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Happy Thanksgiving! Whoa, it's now Episode 13 of Season 3?! Thank you for continuing to be here with us, I appreciate each and every one of you. This week's guest is none other than my buddy Ricky Carruth! He talks about savvy marketing tips for industry professionals, The Lawsuit (crazy I know!), and the current state of the housing market. Don't miss this chance to hear it from one of the top coaches in our industry. 06:40 Moment of Impact 09:05 FEDs Wrong Move 15:53 Where are the Opportunities? 20:55 Effects of a Consumer Slow-down Make sure you watch this episode from start to finish! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #loganmohtashami #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #successmindset #investingtips #housingwire #rickycarruth #marketing --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Can you believe we're now in Episode 12 of Season 3?! This is an extra special episode I especially made for you to share my superpower. I'm known as a data nerd and I use data to make informed decisions to get real opportunities in the housing market. Real-time data feeds, including market inventory updates, interest rate changes, and demographic shifts, offer a granular understanding of the housing market. These insights empower us, whether you're a realtor, loan officer, brokers, or sellers, in the real estate industry to advise clients effectively, guiding them on the best times to buy or sell properties based on current market dynamics. Make sure you watch this episode from start to finish! Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #loganmohtashami #networking #raisingmoney #sandiegorealestate #realestateinvestor #success #successmindset #investingtips #housingwire #HWmedia #dataanalytics #datascience #housingwireannual --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

The real estate industry is one of the largest and most complex in the world, with trillions of dollars in transactions taking place each year. As such, it is essential for real estate professionals to have access to accurate and reliable data in order to make informed decisions. The person at the forefront of providing real estate professionals with the best data in the industry is Mike Simonsen. Simonsen is the President of Altos Research, a leading provider of real estate data and analytics. Altos was acquired by HW Media, publishers of HousingWire and RealTrends. Altos Research monitors real estate markets and provides real-time, curated insights for buyers and sellers. We got down with Mike for a short analysis of current data and how we are doing in the current chaotic market. 02:22 Saving Goldman Sachs from Bankruptcy 04:22 Everybody's Got Vibes 05:30 Predicting Events in the Industry 16:30 Journey to HousingWire Make sure you watch this episode and start your investing journey today! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #calebjohnson #networking #raisingfunds #raisingmoney #sandiegorealestate #realestateinvestor #success #ALTOS #mikesimonsen #successmindset #investingtips #altosresearch #housingwire #HWmedia #dataanalytics #datascience --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Real estate investing can be a great way to build wealth and financial security, especially if you start young. In your 20s, you have a number of advantages as a real estate investor, including time, flexibility, and energy. You also have the opportunity to learn from the mistakes of others and to take advantage of new technologies and trends. One of the most important things you can do when starting out in real estate investing is to build a strong network. This includes connecting with other investors, real estate agents, lenders, and property managers. You can network by attending industry events, joining online forums, and reaching out to people directly. Our guest for today is Caleb Johnson of Red Sea Capital who at just 25 years old, is already way ahead of the game! 01:30 Caleb Johnson Intro 13:30 Raising Money in Your 20's 27:40 Comparing the Housing Markets 40:16 Networking and Learning Goes Together Make sure you watch this episode and start your investing journey today! ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #calebjohnson #networking #raisingfunds #raisingmoney #sandiegorealestate #realestateinvestor #success #successmindset #investingtips --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

We went to the HousingWire Annual where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. If you are in the industry or are interested in getting in the industry, this is a must-watch episode for you! There are so many takeaways that I am going to share with you. The speakers were phenomenal, Logan Mohtashami - Lead Analyst HousingWire, Sandra Thompson - Director of Federal Housing Finance Agency, Mike Simonsen - President of Altos Research, Frank Martell - President and CEO of loanDepot, and René Rodriguez - Keynote Speaker, Best-Selling Author. I have learned so much from the speakers and I had a great time seeing my friends in the industry again. 04:00 - Top Takeaways! 06:40 - The FEDs need to land the damn plane! 09:00 - Lay-offs on the horizon 14:27 - 20% down is Not Possible for an Average Person 18:06 - Brace Yourselves for the Next 6-8 months ----- Follow us on Instagram @kennybsimpson @krystlersimpson ----- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #success #successmindset #investingtips #housingwire --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Episode #186 Investing can be a daunting task, especially for beginners. There are so many different investment options to choose from, and it can be difficult to know where to start. However, there are a few simple tips that you can follow to invest smarter, not harder. That's what we learned from our guest Dave Wolcott! If you want to learn all the good advice he has, watch this episode! Highlights: 01:25 Dave Wolcott Intro 04:55 Pivotal Moment Leading to Investing Smarter 22:43 Creating Efficiency with Your Capital 37:55 The Benefits of a Holistic Wealth Strategy If you are thinking of investing now, feel free to contact us on Instagram: @kennybsimpson @krystlersimpson About the Guest: Dave is the best-selling author of "The Holistic Wealth Strategy", A Framework for Building Legacy Wealth and Living an Extraordinary Life, and is also the host of the top-rated "Wealth Strategy Secrets of the Ultra-Wealthy" podcast. Through leveraging the Holistic Wealth Strategy, Dave has been able to achieve unlimited freedom of money, purpose, time, and relationships. His mission is to share this strategy with other high-performing entrepreneurs in order to help them realize these freedoms. SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #success #successmindset #investingtips --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

In this episode of Business Brain, Dave Hamilton and Shannon Jean discuss the concept of cost segregation studies and its potential benefits for property owners. They explain how cost segregation allows property owners to identify and depreciate assets that won't last the full depreciation period, resulting in increased tax benefits. […] The post Cost Segregation Studies + Haste Makes Malpractice – Business Brain 491 appeared first on Business Brain - The Entrepreneurs' Podcast.

Episode #186 The late Sam Zell in the early 90's during the savings and bank crises used to say, "Stay alive till '95." Back then, it warned about the challenges that lie ahead for the global economy. It's gotten a revival today to "Stay Alive 'Til 2025." A number of other experts have also warned that the global economy is facing a number of headwinds, including rising interest rates, inflation, and the ongoing war in Ukraine. Show highlights: 02:30 What does the quote mean? 03:52 Is a Recession Happening? 06:20 Consumers Running Out of Rope 09:30 Keep Spending Under Control! 12:50 Treasuries Too High 15:48 Trouble Ahead Remember, you are not alone. Millions of people around the world are facing the same challenges. By working together, we can overcome them and build a better future for ourselves and our families. If you are thinking of taking action now, feel free to contact us on Instagram: @kennybsimpson @krystlersimpson SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #success #successmindset #investingtips --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

EPISODE #185 Welcome to Season 3 of GET IN THE CASHFLOW GAME with K&K! We are excited to share this season with you and introduce you to all the new guests who joined the show. The American Dream is often defined as the belief that anyone, regardless of their background, can achieve success and prosperity through hard work and determination. Investing is one of the most powerful tools that Americans have at their disposal to achieve the American Dream. However, many say that it's dead. I'd say, hold your horses, Justin Freishtat, an investor living the American dream, joins us today in an inspiring episode. Investing allows people to grow their wealth over time and achieve their financial goals. Whether you are saving for retirement, buying a home, or starting a business, investing can help you reach your goals faster and easier. Show highlights✨ 02:30 Justin Freishtat Intro 04:40 Investing Journey 17:45 Investing Tips You Need to Know! 31:15 0-20M in the First Year! We hope you enjoyed this episode with Kyle! Watch our other episodes on real estate and investing. Want to know more? Reach out to us on Instagram: Krystle's Instagram: krystlersimpson Kenny's Instagram: kennybsimpson ---- About the Guest: Justin Freishtat is a hedge fund manager and investor. The first decade of his professional life was spent building Heartland Foods which is the #1 Farm-to-Table Food Service on the East Coast. The company had generated $87 million in gross revenue when the business was acquired by a private equity firm in early 2022. Now, Justin is a Managing Partner and President of Sales at Kerns Capital with assets under management approaching $20 million. As an individual investor, Justin and his partners have also amassed a multifamily real estate portfolio comprised of 1674 units across 5 states. ---- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #branding #branding101 #success #successmindset #justinfreishtat #americandream #hedgefund #hedgefunds #headfundmanager #investingtips --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

EPISODE #184 Welcome to Season 3 of GET IN THE CASHFLOW GAME with K&K! We are excited to share this season with you and introduce you to all the new guests who joined the show. Today we are joined by SEO Expert Kyle Roof who revealed the TOP SECRETS of SEO! Kyle's SEO techniques and discoveries are followed by many SEO professionals and business leaders, he has been featured in many respected publications and is a regular speaker on SEO and SEO testing at conferences throughout the world. Almost every adult in the country (97%) uses the internet to find local businesses and service providers. Not only that, 76% of people who enter a local search for a business or service will actually reach out and make contact within 24 hours. Show highlights✨ 05:30 Uprooting to Asia and Starting a Successful Business10:55 SEO is a Must for Businesses!24:38 SEO TOP TIPS ---- About the Guest: Kyle is responsible for the development and implementation of all SEO techniques used by the SEO agency High Voltage SEO and the SEO tool PageOptimizer Pro. He is also the co-founder of Internet Marketing Gold, a global community of 3000+ SEO professionals who test and prove cutting-edge SEO techniques. ---- Follow Krystle and Kenny on Instagram: Krystle's Instagram: krystlersimpson Kenny's Instagram: kennybsimpson ---- SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome to Season 3 of GET IN THE CASHFLOW GAME with K&K! We are excited to share this season with you and introduce you to all the new guests who joined the show. It's time for another Solo K&K! Interest rates are a key factor in the economy, affecting the cost of borrowing and lending money. They are also used by central banks to manage inflation. In recent months, interest rates have been rising sharply in many countries, as central banks try to combat high inflation. This has led to concerns among consumers and businesses about the impact on spending and investment. Many people are now wondering whether interest rates will ever come down again. The short answer is that interest rates will eventually come down, but it is difficult to say when. The timing will depend on a number of factors, including the pace of inflation, the strength of the economy, and the actions of central banks. Most economists expect inflation to start to come down in 2023, but it is likely to remain above central bank targets for some time. This means that central banks are likely to keep interest rates high until they are confident that inflation is under control. The strength of the economy will also play a role in determining when interest rates come down. If the economy starts to weaken, central banks are likely to cut interest rates in order to stimulate growth. Show highlights✨ 02:03 - Treasuries Going Up Causing Uncertainty in the Market 06:20 - Rates are High but Cap Rates are Low? Hmmm... 08:22 - Here's Why Rates are High 15:25 - FEDs Playing Politics If you have more questions, connect with us at info@pacificshore.com Follow Jeff Sinelli on Instagram: jeffsinelli Follow Krystle and Kenny on Instagram: Krystle's Instagram: krystlersimpson Kenny's Instagram: kennybsimpson —— SPONSORS: * Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated. Remember, this company helps new people just get started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! * Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor #jeffsinelli #whichwich #branding #branding101 #success #successmindset --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, Bill shares his concerns about the hurried approach many take when considering 1031 exchanges, viewing them solely as a tax deferral tool. He emphasizes the importance of long-term thinking and highlights the potential pitfalls if there's a lack of available cash in case of emergencies. Bill advises against the reckless use of 1031 exchanges and urges listeners to conduct a thorough analysis of their cash reserves before proceeding with one. He emphasizes that they do have the potential to work but they also have the potential to hurt your pockets. Moving on, Bill delves into his apprehensions regarding Cost Segregation Studies, drawing from his recent experience with his Montana condo. He cautions against the common misconception that cost segregation can lead to significant profits without considering the IRS's recaptured money. He also warns of the potential risk of attracting an IRS audit with careless behavior. Bill then shares insights into the DSCR (Debt Service Coverage Ratio) loan product and his recent utilization of it for his Beach Mountain house. He recounts a costly lesson involving a prepayment penalty that resulted in paying thousands of dollars in recaptured funds due to the way he structured his 1031 exchange and Cost Segregation Study. His message is clear: thoughtless financial maneuvers can have dire consequences. Wrapping up the discussion, Bill reveals that only 30% of his property portfolio carries any of these financial encumbrances. He underscores the influence of age, advising younger individuals to exercise caution and avoid properties with such encumbrances. [00:00] Intro [00:30] Context [01:41] 1031 [03:48] Cost Segregation Studies [06:55] DSCR Loan Product [08:22] Encumbered Properties [10:11] Age [11:50] In Closing Watch this episode on our Youtube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

We've reached quite a milestone - our 200th episode! For today's Tax Tuesday, tax experts Toby Mathis, Esq., and returning guest Jeff Webb, Esq., CFO of Anderson Business Advisors share their expert advice on tax strategies and navigating economic uncertainties, with a focus on rental property and financial diversification. You'll hear about the complexities of non-recourse loans and taxation, myths and strategies for day traders, taxes on land flips, the best time to do a cost seg, and more. Three lucky listeners will receive copies of our ebook in the episode. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is there a minimum net income where it would be beneficial for a single-member LLC to file as an S corp rather than a disregarded entity? - It depends on individual circumstances, but if your income is quite low, you may be able to save a bit if you file as an S-corp. Can my rental income be directed into a self-directed IRA and what are the advantages to doing that? - Yes, rental income can be directed into a self-directed IRA which offers several tax advantages. I don't understand the difference between owning rentals as a real estate professional (REP) or non-REP. And what, if any, disadvantages are there when buying a rental inside a Solo 401k using a non-recourse loan? - REP status offers tax benefits, while non-REPs face limitations. Buying a rental inside a Solo 401k with a non-recourse loan can limit potential deductions. How is the land flip taxed? Does land have to be held for a year like a house? - Land flips are taxed as ordinary income and there is no requirement to hold for a year. Is it acceptable for the IRS to trade futures from a 501c3 or a family foundation entity? Does the entity need to pay capital gains? –Yes, futures trading is allowed but can carry unrelated business income tax implications. If you form an LLC for rental property, is it best to report the activity on Schedule C or E? –Generally, it is better to report rental activity on Schedule E for tax purposes. When is the best time to do a cost segregation study? – The best time is usually after renovations are complete but it depends on individual circumstances, some you don't have to wait on, like a pool. We fix and flip luxury homes and are thinking about keeping some to rent. We have held some in the past. We have an LLC but the accountant is saying to go to an S corp. - we disagree, investment property should not go into an S corp, it should go into a land trust/LLC. We are setting up a family trust in Florida and watch your video about trust Wyoming. The attorney says we don't need Wyoming, is this true? – The WY trust is a revocable trust. If you're working on a living/grantor trust, your attorney is correct. Transitioning to an S corp may provide tax benefits. What is the best way to pay my children who actively trade in our fix flips bookkeeping? – Consider establishing them as employees and paying them a reasonable wage for their work. I understand anyone can gift to anyone in a year an amount not to exceed $17,000 per person. Can I gift from a family limited partnership Units not exceeding that amount, giving them a percentage of the LP units each year? Does it avoid the generation-skipping tax? – Yes, but your gift from your interest in the LP…it can be a viable strategy for tax purposes. Send us your questions, and check out the event schedule listed in the resources section. Resources: Infinity Investing https://infinityinvesting.com/ Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=when-to-conduct-cost-segregation-studies Anderson Advisors https://andersonadvisors.com/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw Toby Mathis YouTube https://www.youtube.com/@TobyMathis Toby Mathis TikTok https://www.tiktok.com/@tobymathisesq    

Real Estate investing is seen as the holy grail of passive income and wealth independence. One of the popular facets of real estate investing is the tax advantage that much of the IRS code provides to the owner/operator. High on the list of cocktail party chatter topics is the concept of COST SEGREGATION. It is a way to deconstruct the components of real estate developments, depreciate them faster than the normal life of a building and net the deductions against other income. To explain this concept, MITCHELL BALDRIDGE joins the podcast. The Texas-based CPA and CFP will take us through the ins and outs of Cost Segregation Studies and discuss the importance of solid bookkeeping and delegation for entrepreneurs and other business operators Cost Segregation -Describing the concept - accelerated depreciation and deductions-Potential benefits in numbers-Types of projects where it works (Who is it for?)-Process- getting study, dotting i's, building in documentation now and forward-Traps for the unwary- Sloppiness, Passive vs Active income, Full-Time Real Estate Occupation, -Recapture- what it is and how to manage it Bookkeeping and Bulletproofing your Business for Future Sale -Importance of dotting i's-Looking for tax savings-Delegating intensive work-Coordinating with advisors https://www.betterbookkeeping.com/ How do we find you? https://twitter.com/baldridgecpa Links https://www.recostseg.com/ https://baldridgefinancial.com/services/cost-segregation/ https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

Do you currently find yourself wondering about whether or not to do a cost segregation study? Or have you heard of it, but are wanting more information about the process? Then today's episode is for you. Our guest on the show today is Joseph Viery, a cost segregation professional and the founder of US Tax Advisors Group Incorporated (USTAGI). By leveraging IRS-complaint cost segregation studies, Joseph has helped property owners defer or eliminate millions of dollars in income taxes. In our conversation with Joseph, we talk about what USTAGI encompasses and exactly what cost segregation is. He divulges an aha moment for listeners and also shares something he believes everyone should know about. To hear about the most common misconceptions investors make about cost segregation and his advice to passive investors, make sure not to miss out on this episode of Passive Income Through Multifamily Real Estate. Key Points From This Episode:The journey of how Joseph became a cost segregation professional (CSP).He explains more about the Us Tax Advisors Group.Joseph elaborates on what cost segregation is.What 100% bonus depreciation means. We divulge an aha moment for listeners.Joseph goes through the three reasons you wouldn't want to do cost segregation. The point where it makes sense to consider cost segregation.Joseph shares something everyone should know about.The most common, incorrect, assumptions investors may have about cost segregation.Advice to passive investors to encourage reluctant sponsors to consider doing a cost segregation study. Links Mentioned in Today's Episode:Joseph Viery on LinkedInUSTAGIVSV Fund IIVertical Street Ventures VSV Academy Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

Episode #179 Join us for another episode on the current rollercoaster of the real estate market where inventories keep getting low while interest rates keep going high. In this episode of Get in the Cashflow with K&K, we delve into the current state of the real estate market, where low inventories and high-interest rates are shaping the landscape for buyers, sellers, and investors. With housing demand soaring in recent years, inventory levels have struggled to keep pace, leading to increased competition among buyers. We explore the factors contributing to this scarcity, including population growth, changing housing preferences, and limited new construction. Next, we shift our focus to the impact of high-interest rates on the real estate market. As borrowing costs rise, we explore how this affects affordability and the purchasing power of potential buyers. But there is a glimmer of hope. We discuss how we currently are in a much better position as borrowers compared to 2008. Additionally, we discuss the potential long-term implications of low inventories and high-interest rates on the real estate market. We explore how these factors may impact home prices, rental markets, and the overall stability of the housing sector. Whether you're a first-time homebuyer, a seasoned investor, or someone curious about the current state of the real estate market, this episode provides valuable insights and practical advice for thriving in an environment characterized by low inventories and high-interest rates. —— To learn more about our podcast hosts Krystle and Kenny, follow them on Instagram: Krystle's Instagram: krystlersimpson Kenny's Instagram: kennybsimpson —— SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! #realestate #podcast #realestateinvesting #housingmarket #inventory #sandiego #sandiegorealestate #realestateinvestor --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Banking Crises: Understanding the Causes and Consequences Banking crises are often disruptive and have far-reaching consequences for economies and societies. They can undermine financial stability, erode public trust, and lead to severe economic downturns. Understanding the causes and consequences of banking crises is crucial for policymakers, economists, and the general public. In this article, we will delve into the complexities of banking crises, shedding light on their origins, impact, and potential preventive measures. First things first, let's define what a banking crisis is. A banking crisis refers to a situation in which a significant number of banks or financial institutions face severe difficulties or fail altogether. It involves a breakdown in the stability and functioning of the banking system, typically characterized by a wave of bank runs, insolvency, liquidity shortages, or excessive risk-taking. In this episode, Kenny delves deep with Sean Puckett, a banker with CalPrivate, who has over 20 years of experience. Were there any financial imbalances, poor risk management, or macroeconomic factors? Or perhaps regulatory and supervisory failures? Was it one, several, or all of these reasons? We now know that we are headed to an economic recession, but what are the other effects of a banking crisis? Banking crises are complex events with far-reaching implications. Understanding their causes and consequences is crucial for safeguarding financial stability and fostering sustainable economic growth. By implementing robust regulatory frameworks, strengthening risk management practices, and adopting preventive measures, policymakers can mitigate the risks associated with banking crises and promote a resilient and stable banking system. Make sure to watch this podcast from start to finish! —— To learn more about our guest, Sean Puckett, connect with him here: https://www.linkedin.com/in/sean-puckett-b063385 To learn more about our podcast hosts Krystle and Kenny, Follow them on Instagram: Krystle's Instagram: krystlersimpson Kenny's Instagram: kennybsimpson —— SPONSORS: *Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! *Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

In the dynamic realm of real estate, property valuation holds a crucial role. Have you ever wondered about the intricate process of assessing the worth of a property? In this enlightening podcast episode, we delve into the captivating world of property appraisal as we interview John Dingeman - Chief Appraiser of Class Valuation, shedding light on his expertise, challenges, and unique insights. Join us as we unravel the secrets behind the art of property valuation. Whether you're a real estate enthusiast or simply curious about the appraisal process, this episode promises to broaden your understanding and leave you with a newfound appreciation for the art of property valuation. Remember to tune in to this captivating podcast episode to gain exclusive insights from a Chief Appraiser and discover the secrets behind the valuation of properties. —— To learn more about our guest, John Dingeman, connect with him here: https://www.linkedin.com/in/johndingeman To learn more about our podcast hosts Krystle and Kenny, Follow them on Instagram:  Krystle's Instagram: krystlersimpson  Kenny's Instagram: kennybsimpson —— SPONSORS:  Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call!  Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and our hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. In this episode, Yonah goes into detail on how a cost segregation study works and how it can defer large tax bills upfront. He shares insight on how a cost segregation study is performed, the components involved, the right time to cost segregate, and dives into recapture tax truths. Yonah talks about how important it is to find the right tax representative who understands cost segregation.  Connect with Yonah: Email: yweiss@madisonspecs.com Website: www.yonahweiss.com Partner with us: www.takeoffcapital.co Follow the show on Instagram: @therealestatetakeoff

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke In this episode we dove deep into cost segregation studies. This tool a powerful way to accelerate depreciation on a rental property, and can create really big tax benefits for real estate investors. We talked about how to use cost segregation studies, pros and cons in different situations, and what happens when you sell the property down the road. Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

In this podcast we sit down with Joseph Viery, the founder of USTAGI, to discuss cost segregation studies and their impact on property owners' income taxes. As a highly experienced Cost Segregation Professional (CSP), Joseph has helped countless clients defer or eliminate millions of dollars in income taxes through IRS compliant cost segregation studies. With thousands of cost segregation studies under his belt, Joseph is an expert in his field and has worked with clients in a wide range of industries, from multi-million dollar commercial properties to single family residences. In this episode, Joseph shares his insights on the benefits of cost segregation studies, how they work, and the impact they can have on your tax liability. He also offers practical tips for property owners looking to save money on their taxes and navigate the complex world of cost segregation. As a frequent guest on industry podcasts and a regular presenter at workshops across the country, Joseph has a natural ability to explain complex topics in an easy-to-understand way. Join us for this informative and engaging conversation with Joseph Viery.

Welcome back to another episode of the Get in the Cashflow Game with K&K. In today's episode, Krystle and Kenny Simpson are joined by Todd Ault. Todd wields his expertise in a massive range of financial markets, from real estate to private equity to commodities. His diverse and unique companies prove that there is no venture he has not conquered. Todd's specialty is acquiring undervalued assets and disruptive technologies that have a major global impact. As the Founder of Bitnile Holdings (listed on the NYSE American: NILE), Todd's companies span a myriad of industries, including cryptocurrencies, digital manufacturing technology, defense and aerospace, biotech, hospitality, corporate lending, and real estate. --- HIGHLIGHTS: Building Relationships in every sector 7 streams of investing Generational Wealth --- 01:35 - Intro to Todd 03:00 - The extensive background of Todd Ault 05:00 - The importance of build and growing the relationships 07:30 - Take it a step further and talking PERSONAL relationships with the right spouse 10:00 - If you work with your spouse, it can not be an employee and boss situation 14:00 - Investing in Investment properties in San Diego and comparing it to what Grant Cardone said about investing in many places 19:45 - Owning Apartments is always the safer bet 28:00 - Do you want to be really rich or just really comfortable 35:00 - The days of Wall Street + the 7 streams of income 37:00 - Staying Focused 43:00 - Where to find Todd Ault 45:45 - Todd's definition of generational wealth 49:32 - END --- SOCIAL MEDIA: Todd's Instagram: https://www.instagram.com/toddault/ Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services will help you and make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved our clients and us hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to another episode of the Get in the Cashflow Game with K&K. In today's episode, Krystle and Kenny Simpson are joined by Neil Timmins. Like so many other investors, Neil began with single family homes but has progressed into assets consisting of apartments, offices, and industrial space. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. In 2021 Neil published his first book, Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn. The book is tailored to helping real estate investors find and retain top talent through the strategic systemization of hiring. Neil also hosts his own podcast, “Real Grit” where he pulls back the curtain on real estate investing through interviews with industry titans. “Real Grit” provides listeners with the tools they need to secure their lasting real estate legacy! Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. --- HIGHLIGHTS: Neils surprising story with his family and ReMax Landing a Unicorn Diversifying your real estate portfolio Neils Book: https://legacyimpactpartners.com/book/ Neils Podcast: https://legacyimpactpartners.com/podcast/ --- SOCIAL MEDIA: Neil Timmins Website: https://legacyimpactpartners.com Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to another episode of the Get in the Cashflow Game with K&K. In today's episode, Krystle and Kenny Simpson go the importance of having communication...not just in a romantic relationship BUT in any type of relationships, especially involving business. --- HIGHLIGHTS: What does communication mean in a relationship and in a business? What can a lack of communication do to a relationship? Talking finances --- SOCIAL MEDIA: Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- TIMESTAMPS: 02:00 - Lack of communication and what it means in a business 03:45 - How are K&K always together? 05:30 - Communication with women in a relationship 06:30 - Being insecure about finances 07:45 - Talking to your life partner 11:40 - Talking retirement 14:30 - Need to learn how to talk to your partner 15:15 - Tactical ways to talk to your partner 19:39. - END --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to another episode of the Get in the Cashflow Game with K&K. In today's episode, Krystle and Kenny Simpson go over what potential opportunities they see in today's volitle real estate market. Are there opportunities in 1-4 units of residential real estate or opportunities in the commercial and multifamily sector? We'll see what the experts have to say! --- HIGHLIGHTS: Opportunities in Residential Opportunities in Commercial and Multifamily What should you be focusing on while it's slow in the industry? --- SOCIAL MEDIA: Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- TIMESTAMPS: 00:00 - PRELUDE 00:16 - INTRODUCTION 1:45 - Start 2:00 - There are always opportunities in the market 2:30 - 1-4 unit market opportunities 5:00 - Are there opportunities in commercial and multifamily real estate? 7:30 - Standoff in commercial and multifamily 10:00 -Sometimes loss will be someone's gain 10:30- Start doing what you said you were going to do in this downtime 12:32 END --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to another episode of the Get in the Cashflow Game with K&K. In today's episode, Krystle and Kenny Simpson go over what they are sharing with their clients in this volatile real estate market. From different marketing approaches to getting creative with different types of financing. This is what they are doing to help their clients WIN! --- HIGHLIGHTS: What does the current real estate market look like right now What K&K are doing to advise their clients to continue winning in the volatile real estate market The data never lies There are opportunities at any given time, you just have to know and work with people that will help you find those opportunities --- SOCIAL MEDIA: Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- TIMESTAMPS: 00:00 - PRELUDE 00:16 - INTRODUCTION 01:44 - Start 02:03 - Be realistic about what is happening in the current market 03:00 - Staying on top of all the active and nonactive lenders in the market right now 04:14 - Tactical advice on buying an apartment building in today's market 05:30 -The data never lies, do not think that the sky is falling 06:30 - Are loan dollars getting tighter? What option is best for you? 09:00 - It's a game of “Would you rather” 09:45 - Commercial Lending and Residential Lending are on different playing fields 10:30 - What is the 2-1 Buy-down, 3-1 Buy-down, etc. 15:00 - The difference between the 30-year and 10 year 16:50 - How Kenny's team is helping the Buyer 17:30 - EDUCATE YOUR CLIENTS AND KNOW YOUR DATA! 19:30 - There are opportunities in every market 20:36 - END --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or you're an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, and all of that. Maybe you're saying, I'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started every day. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight-line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

Welcome back to a NEW Season of Get in the Cashflow Game with K&K, and what better time to start the season than right before the 2023 New Year begins! In today's episode, Krystle and Kenny Simpson go over their thoughts and predictions of what will happen to the real estate market based on current trends and data, along with what opportunities may lie on the horizon. --- HIGHLIGHTS: The trend the Fed has done with interest rates, what's next? Unemployment trends Are there opportunities in the market? 2023 Predictions --- SOCIAL MEDIA: Get in the Cashflow Game Instagram: https://www.instagram.com/getinthecashflowgame/ Check out the website: https://linktr.ee/getinthecashflowgame Follow Krystle: https://www.instagram.com/krystlersimpson/ Follow Kenny: https://www.instagram.com/kennybsimpson/ --- TIMESTAMPS: 00:00 - PRELUDE 00:16 - INTRODUCTION 00:53 - The waiting game in the market because we're waiting for the Fed to Pivot 01:30 - Money in and money out 03:30 - Getting paid more money with no risks 04:40 - Average saving rate in the United States 06:00 - The Wall Street buyers will start coming back into the market (big sign in the market!) 07:45 - How does unemployment look like right now? 10:45 - Liquidity in the system, will something break? 14:45 - You have to watch the market for the opportunities 17:00 - Career/Job migration 18:00 - Kenny's Predictions 19:00 - Krystle's Predictions 28:29 - END --- SPONSORS: Prime Corporate Services: Whether you're new to owning a business or owning property or your an experienced business owner, Prime Corporate Services is going to not only help you but make the process so much easier. So, if you book a call the first thing they are going to do for you is help you understand what your business structure should look like, your corporate structure, tax planning, estate planning, all of that. Maybe you're saying, i'm brand new to starting a business and all of this sounds foreign and complicated, remember, this company helps new people just getting started everyday. They will help you form the entity that's best for you and walk you through the process. Visit https://primepartner.info/gitcg to schedule a free call! Cost Segregation Services: We have been working with Tim Looney at CSSI for a few years now and he has saved us and our clients hundreds of thousands, if not millions of dollars, in taxes doing Cost Segregation Studies. Let me give you a few examples. We bought a property in 2019, if we had just used straight line depreciation, we would have saved about $18,750. Because we did a cost seg we saved $258,000 – that's $239,350 more than standard straight-line depreciation in the first year! Call Tim Looney at (318) 469-9861 to schedule a complimentary property analysis, and tell him Krystle and Kenny sent you! --- Support this podcast: https://podcasters.spotify.com/pod/show/getinthecashflowgame/support

In this episode Marcus Mire, CPA discusses an opportunity to accelerate depreciation through a cost segregation study. Learn when, why, and how you can use this tax tool in your business.

Cost segregation studies can be a great way to accelerate depreciation and save taxes today rather than waiting for years to take a deduction. This podcast talks about how a property owner can save. Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. Listen to more of the Tax Insights Podcast at hawkinsashcpas.com/cpa-hq/podcast/

October 4, 2022 - Cost Segregation Studies

With the boom in real estate values in the last couple of years, many casual and professional real estate investors are looking for ways to save in taxes on their real estate investments. One strategy is to complete a cost segregation study. Cost segregation studies, or "cost segs" for short, are prepared to allocate or reallocate building costs to tangible personal property. A cost seg identifies and reclassifies personal property from real property assets to shorten the depreciation time for tax purposes. This, in turn, reduces current income tax obligations. Personal property, or section 1245 property, includes assets that are non-structural elements. Other property such as land improvements can also be depreciated with shorter lives. The deduction created from the cost seg will directly reduce taxable income. Cost segs must be completed by a qualified cost segregation provider. Reach out to your CPA to ask if a cost seg is right for your situation.

Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. Wes has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships, and individual investors. On this episode, Chris and Wes deep dive into cost seg and how they work, why different asset classes offer different depreciation possibilities and the implications of selling a property with accumulated depreciation through the life of ownership. They also discuss pending legislation and impacts on real estate/cost segs and much more. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Follow Wes on Twitter: https://twitter.com/1245consulting 1245 Consulting: https://www.1245consulting.com/ (03:59) - What is a Cost Segregation Study? (05:20) - How is it different from straight-line depreciation? (06:45) - Is there any reason why someone shouldn't do a Cost Seg? (08:42) - Can you do this on your own or do you need to hire a professional? (09:34) - Can this be done only on investment properties? (09:57) - Do the rules for Cost Segregation vary from state to state? (10:48) - What happens from the day I call you to get a Cost Seg to the day you send me the report? What then do I do with what you give me? (17:01) - An Industrial Deal example for Cost Segregation (20:13) - Are there any materials or components of a building that fall into gray areas? (22:26) - What are some asset types that receive the most benefit from Cost Seg?  (26:24) - Do you want to do a Study before you do improvements to the property or after? (28:23) - What is a recapture tax? (32:47) - What do owners who are long-term holders do once their depreciable amortization schedule expires? (34:23) - Is there any ongoing legislation that people should be aware of? (36:05) - The importance of Land Value (39:39) - Is everything predicated on the year the Study is done? (40:51) - Can you do another Cost Seg to an office building that you convert to residential? (44:03) - Wrap up and final thoughts The Fort is produced by Johnny Podcasts

In this week's episode, Thomas is joined by Terry Judge, CEO of CORE Solutions Group to discuss the powerful STR Loophole & cost segregation studies, FAQs, and more! Learn more about Terry and CORE Solutions here: https://coresolutionsgroup.net/ Enroll in the STR Tax Course today and learn how to save 5-6 figures in taxes using the STR Loophole: courses.taxsmartinvestors.com/ Join our Facebook group, the one-stop-shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors For an initial consultation from Hall CPA, PLLC visit www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Follow Brandon on Twitter: @bhallcpa Follow Thomas on Twitter: @thomascastelli_ The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction.

Welcome to Syndication Made Easy with Vinney Chopra! Today's guest is Yonah Weiss who is formerly a teacher, he turned to real estate, first as a broker, then mortgage broker and investor who now uses all of his real estate experience to help investors understand the value of Cost Segregation Studies. In this episode, we talk with Yonah  Weiss about how to use cost segregation studies to reduce your tax bills. Yonah provides insight on how cost segregation can improve the cash flow of your property. Love this video? Subscribe now and hit the like button for more useful thoughts. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

It's tax day in the USA. Taxes are the largest expense most people pay in their entire lives. But what if it didn't have to be that way? Be a more savvy investor by using real estate investing strategies to reduce your tax liability. Adam Schroeder and Zach Lemaster talk with tax strategists Lorraine and Jim about 5 key things real estate can be utilized to reduce or eliminate the taxes you owe. Learn more about these tax strategies HERE Main Benefits of REI for a Passive Investor - 03:57 The Beauty of OPM (Other People's Money) - 22:35 Cost Segregation Studies - 28:41 Capital Gains Tax - 48:10 Charitable Trusts & Their Ability to Create Additional Tax Reductions - 54:41 Watch the YouTube video of this podcast HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

It's tax day in the USA. Taxes are the largest expense most people pay in their entire lives. But what if it didn't have to be that way? Be a more savvy investor by using real estate investing strategies to reduce your tax liability. Adam Schroeder and Zach Lemaster talk with tax strategists Lorraine and Jim about 5 key things real estate can be utilized to reduce or eliminate the taxes you owe. Learn more about these tax strategies HERE Main Benefits of REI for a Passive Investor - 03:57 The Beauty of OPM (Other People's Money) - 22:35 Cost Segregation Studies - 28:41 Capital Gains Tax - 48:10 Charitable Trusts & Their Ability to Create Additional Tax Reductions - 54:41 Watch the YouTube video of this podcast HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies. - What is a cost segregation study? - How cost segregation studies work with short term rentals and Airbnb properties. - Can short term rental owners use depreciation to offset their W2 income - Bonus recapture taxes and more

Cost Segregation is a commonly used strategic tax planning tool that allows companies (or individuals) who have constructed, purchased, or remodeled real estate to increase cash flow by accelerating depreciation deductions and deferring income taxes. Although this sounds confusing to many, our guest today is an expert in this field. Stacy Sherman is a National Account Executive for Cost Segregation Services, Inc, and in this episode, she will be breaking down this topic and explaining what you should be looking for moving forward with your clients.

Depreciation is one of the great attributes to real estate investing. But what if you could ACCELERATE that depreciation and take a massive tax writeoff in year 1? Adam Schroeder and Zach Lemaster talk with their cost segregation specialist Steve to discuss what cost segregations are, how they work, and who can benefit most from them. Cost segregations aren't just for multifamily and commercial properties anymore! Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

Depreciation is one of the great attributes to real estate investing. But what if you could ACCELERATE that depreciation and take a massive tax writeoff in year 1? Adam Schroeder and Zach Lemaster talk with their cost segregation specialist Steve to discuss what cost segregations are, how they work, and who can benefit most from them. Cost segregations aren't just for multifamily and commercial properties anymore! Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

Saving Millions of Dollars in Income Tax Through Cost Segregation with Special Guest: Yohan Weiss! Today's guest is Yonah Weiss who is formerly a teacher, he turned to real estate, first as a broker, then mortgage broker and investor who now uses all of his real estate experience to help investors understand the value of Cost Segregation Studies. In this episode, we talk with Yonah Weiss about how to use cost segregation studies to reduce your tax bills. Yonah provides insight on how cost segregation can improve the cash flow of your property. Invest NOW with Vinney, Learn NOW from Vinney! Book your FREE Strategy Call NOW! Go to this link: https://calendly.com/jonroosen/ Check out Mr. Vinney Smile Chopra at: https://vinneychopra.com/ Invest Passively in Senior Housing: https://seniorlivinginvesting.co/ Contact Me Here For more info: https://vinneychopra.com/contacts/ We help you to achieve Financial Freedom through Real Estate Investing https://vinney.clickfunnels.com/vinney-chopra-s-main-page vinney@vinneychopra.com

Sign up for The Real Wealth Solutions Report bit.ly/RWSReport.We host a twice monthly meet up with one per month being via zoom. Our September online meeting was so good we decided to share it here as well. We were lucky to have Wes Mabry of 1245 Consulting presenting on Cost Segregation as well as fielding questions from the attendees. This is a must listen for every real estate investor. Even if you're familiar with cost segregation, the info Wes provides will do nothing but deepen your understanding.This was a video meeting and Wes is sharing a presentation with us as he goes along, if you'd like to see the presentation, you can on our YouTube channel. Here's the link.https://youtu.be/-QZxiMt_eTIWe hope you enjoy listening and if you think of someone who might enjoy it as well, we appreciate you passing it along. About Wes – Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. Prior to founding 1245 Consulting 2017, Mr. Mabry preformed cost segregation studies as a licensed Real Estate Appraiser for O'Connor & Associates from 2006-2016. During his time at O'Connor he served as the primary West Coast liaison in additional to central and east coast responsibilities. From 2016-2017 Mr. Mabry worked for Madison Specs, a large engineering and real estate service firm based out of New Jersey. Mr. Mabry has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships and individual investors. Mr. Mabry's experience extends over numerous property types:·       -Apartment (Garden Style, Luxury High-Rise, New Construction, LIHTC) ·       -Retail (strip, neighborhood, big-box, single-tenant) ·       -Office (low/mid/high-rise, condominium)·       -Hospitality (hotel, casino, sports facility)·       -Industrial (warehouse, self-storage, business parks, flex)·       -Manufacturing Facilities·       -Single-family Homes (duplex through four-plex) During his career Wes had lead teams through several Tax Law changes. His knowledge of both the PATH Act in 2015, TCJA in 2017, and the most recent CARES Act of 2020 yielded opportunities to save investors millions through real property depreciation. His participation and leadership defending cost segregation studies through the audit process has resulted in zero disallowances. In addition to owning 1245 Consulting, Wes is an active real estate investor. Wes is also a member of the American Society of Cost Segregation Professionals (#A006-19). He was born and raised in Houston, Texas and is a graduate of the University of Houston. Wes enjoys all things outdoors and spending his free time watching his family grow.Reach Wes through his website – www.1245consulting.comReach Greg at -Greg@realwealth.solutions or schedule a call - calendly.comReach Darren at -Darren@realwealth.solutions or schedule a call - calendly.comThanks for listening and, as always, an honest review or follow is greatly appreciated.

In this episode, Sarry is joined by Randy Crabtree, CPA, with 30 years of experience in public accounting and tax consulting. He worked closely with top company executives on tax planning and preparation engagements. Before co-founding Tri-merit, He was a managing partner of a certified public accounting firm. He handles tax consulting activities in a wide variety of industries. He loves to speak at webinars and make presentations on numerous accounting conferences focusing on the R&D tax credit, Cost Segregation Studies, and Employee Retention Credits. Also, he had several articles published related to the subject. Randy hosts an accounting industry podcast called the Unique CPA. This episode talks about: In-depth explanation and understanding of R&D Credits. How industry can qualify and maximize the R&D Credits. Importance of documentation in supporting the claim and application of a tax credit. What are the benefits of this program? Difference of credit and deduction from the standpoint of taxation. Opportunities and qualifications for taxpayers and business owners under the ERC and PPP program. Significance and consideration of correct analysis and calculations of refundable credit and its impact on businesses. To connect with Randy Crabtree, please visit: Podcast The Unique CPA Facebook https://www.facebook.com/TriMerit/ Email Info@tri-merit.com Company Website www.tri-merit.com Contact information : 800.624.1076 To learn more about Infinite Banking, please reach out to us at https://finassetprotection.com/ You can also schedule a free call with us here: https://calendly.com/financialservicesins

Join co-hosts Richard Coyne & Bill Zahller as they interview guests who left a successful career to pursue a different path on the Road Less Traveled Show! In this episode, we spend time with Michael D'Onofrio!  Michael has had several successful careers starting in the corporate offices of Sherwin Williams.  He then worked to help investors open medical imaging offices.  Michael has worked internationally in mergers and acquisitions, frequently involving renewable energy initiatives.  Michael parlayed his deep expertise in tax law and now helps his clients leverage specialty tax incentives and tax credits as the Managing Director at Engineered Tax Services.   A bit more about Michael: Michael is the Managing Director at (ETS) Engineered Tax Services specializing in national client development, relationship management, and strategic direction. A frequent speaker and professional educator for CPAs, Family Offices, and Real Estate Investors with a focus on niche Federal, State, and Local Specialty Tax Incentives and Credits like Research & Development, Renewable Energy and Cost Segregation Studies to help companies, property owners and top accounting firms across the country understand and benefit from under-utilized tax strategies for maximum tax mitigation, wealth preservation and increased cash flow. Previously at Treasure Coast Capital Partners, Michael specialized in targeted mergers & acquisition assignments, project financing, renewable energy, fuel distribution, real estate, healthcare, and medical technologies. Michael worked closely with a network of private equity groups, family offices, strategic investors, and management teams cultivating relationships, evaluating synergistic opportunities, and exceeding expectations. As founder and COO at NewGen Technologies and ReFuel America, Michael played an integral role in the initial development of corporate global strategic initiatives. Before ETS, TCCP, NewGen, and ReFuel America, Michael worked with private investors in the medical industry opening multiple diagnostic imaging facilities across the U.S. utilizing some of the most advanced diagnostic imaging technology. Michael started his career with The Sherwin-Williams Company assisting many of the largest retailers with private label projects and strategic expansion including Walmart, Home Depot, Lowe's where he organized and managed sales forces, developed innovative marketing programs, and implemented new products. Michael obtained his MBA at Nova Southeastern University's Huizenga Graduate School of Business and Entrepreneurship in Ft. Lauderdale FL after his undergraduate studies at John Carroll University in Cleveland OH. Michael works out of Charlotte, NC, and Palm Beach, FL. Contact Michael D'Onofrio Website: https://engineeredtaxservices.com/ Email: MDonofrio@engineeredtaxservices.com LinkedIn: linkedin.com/in/michaelfdonofrio   Contact Bill Zahller Phone: 828-275-5035 Email: Bill@ParkCapitalPartnersLLC.com LinkedIn: linkedin.com/in/billzahller   Contact Richard Coyne Phone: 404-245-9732 Email: Richard@ParkCapitalPartnersLLC.com LinkedIn: linkedin.com/in/richardjcoyne   If you would like to learn more about how Park Capital Partners connects investors with passive income-generating opportunities through real estate, please contact Park Capital Partners LLC in the following ways:  Website: ParkCapitalPartnersLLC.com Email us: info@ParkCapitalPartnersLLC.com Facebook: https://www.facebook.com/ParkCapitalPartners/ Linkedin: https://www.linkedin.com/company/park-capital-partners-llc/   Music by Aliaksei Yukhnevich/Jamendo. Audio and Video production by Kerry Webb.

One of the major upsides of investing in real estate is the tax benefits you can take advantage of as an owner. This episode covers a powerful tax strategy, the cost segregation study. Scott Roelofs from RCG Valuations, explains how they work, who they are good for and why you might want to start employing this strategy now to save big on taxes.  Visit RCG at https://rcgvaluation.com/ --- Transcript Michael: Hey everybody, welcome to another episode of the real estate investor. I'm Michael album, and today I'm joined by a very special guest, Scott Roelofs. With RCG valuations, and Scott's gonna be talking to us today about all things cost segregation study. Some of you may or may not have heard about, but let's jump into it. Well, Scott, thanks so much for joining me today. Really appreciate you taking the time, man.   Scott: Yeah, man. It's exciting.   Michael:              So I just have to ask, I mean, you've got a ton of letters after your last name. I'm just curious. What do they all mean? What do they represent? Let us know give us some insight.   Scott: The big ones, CFA, Chartered Financial Analysts, you know, three years of study, average pass rate is 45%. So basically 8% of the people who try to get it actually do get those three letters. So that's kind of the big one ABV, that's   Michael: Your alcohol by volume.   Scott: Yeah, alcohol by volume. Yeah. It's an auditing. It's a construction, auditing. accreditation, then you have a IMS, which is asset management, AWS, which is a wealth management. I also have 679 1063 life health. It's actually funny, my cousin who is smart as I am, she comes up to me, and she's like, so are you done educating yourself? And I'm like, Yeah, I guess so. I guess,   Michael: I guess I shouldn't be.   Scott: So yeah, so I guess I'm, that's an…   Michael: Awesome,   Scott: You know, you may not know what they all look like, but you're like, there's a lot of them. So, yeah,   Michael: Totally. So there's not a whole lot that you don't do in the financial world. That sounds like?   Scott: I feel like I can walk into any room and hold down in any kind of conversation, whether it's, you know, in business or, you know, venture capital or anything like that.   Michael: Awesome. And so did you are you the founder of our CG Valuation & Monetization?   Scott: I am, yeah, I started doing cost segregation, kind of like in a selfish ways I had owned my own office and didn't want to pay as much taxes. So I started looking around and got introduced to it. And then I found a company that actually allowed me to do them, and like, actually kind of do the work. And they would help with some of the engineering and that worked out great for a while, but what happened is, is I started to look at things and go, okay, you know, you send me out with a measuring wheel and a measuring tape. And some of these places are huge. I mean, just my first one, which was our office, I own a portion of, like, the land of a whole bunch of offices, it was eight acres. And we had to, you know, count and measure, you know, is something like 2500 shrubs, you know, it was bananas.   And I'm like, this is an awful way of doing this. And so I started searching around, I first found, I got into, like, the drones, which is kind of a hallmark of what we do. And then we added the interior, I saw commercial for matterport cameras. Yeah, that's kind of like used for real estate. And I saw that commercial, I don't, man, if that can measure, like, I really got something and turns out again, so well, voila. So now we have the, you know, interior exterior, you know, kind of all this stuff. So but what happened, and I think this is, you know, just an a general business since this is interesting. But I started to try to implement the technology with the other company. And we kept running into roadblock after roadblock after roadblock. And finally, like, had a conversation with the founder of the company. And he's like, Listen, we just don't do it that way. You know, like, we've made exceptions, but you know, it's just, it's just not gonna work. And I go, all right,   Michael: Well, neither am I.   Scott: Then neither am I right. And so I'm like, well, then I'm going to start my own company. And that's kind of how RCG valuation came to be.   Michael: Awesome. Yeah. And so we're going to be diving deep into cost segregation studies, all things cost segues. So yeah, I would love if you could give us just a high level overview for those who are not familiar. What is a cost segregation study?   Scott: Yeah. So the government allows people who buy investment property to depreciate that property. depreciation is really just an understanding that stuff, there's wear and tear. And because real estate is, you know, heterogeneous, or, you know, in other words is every house is different, or every building is different. They don't have a good way to understand how you depreciate it. So they set a general rule 39 years for commercial 27 and a half for residential and multifamily. And that's really just kind of like an admission that they're just going to listen, we don't know how this is.   Michael: So you figure it out.   Scott: Yeah, yeah. So you figure it out? Well, that is, you know, what they would call the composite method, but they did through different case laws and everything. They decided that you could break up a piece of real estate into its individual components because they do run out at different times. However, you have to have a professional who knows what they're doing right. So as a property owner, you don't have an inherent skill to you know, Identify, quantify and cost every piece of like commercial construction that's in your building.   Michael: Right. Right.   Scott: What we do is we come in and we scan the property, we identify all the different components from carpet to plumbing to electrical roof, you know, site and permit. And then we use the different case law that allows us to break those out into different depreciation schedules. So five 715, and then the remaining like structure remains at 27, half or 39, that allows the, you know, kind of push that forward. So if you would understand it this way is in year one, you would have all of the 27, all of this 15, all of the seven and all the five, in year two, you have the same, but in year six, you've used all the five, so you have only 715 27. And then in year 16, you only have 27 left, so that pushes it accelerates the depreciation towards the front end. And then with the new tax laws, anything under 20 years, you can bonus depreciate, so you can take all in one year. So anything that is 15, seven, five and below, you know, can be depreciated all in the first year, and then you just appreciate the remaining 27 years for the rest.   Michael: Got it. So just in full disclosure and transparency, Scott, you've done several cost segregation studies for me. And that explains why that number was so big on the front end of your one depreciation was because this bonus depreciation you're just mentioned, right?   Scott: Yeah, that's right. It depends on what your goals are. We've always said Our goal is never to give you the largest depreciation, our goal takes a step back. And we want to give you the largest tax deduction for the longest number of years, right. And that's important because sometimes bonus is good for you. And sometimes it's not, if you had $180,000, you want to write off, but you have a bonus of 1.2 million, you don't lose that bonus, but you have to carry it forward. And the problem with having to carry it forward is if your next year of income happens to be 20,000, you use that 20,000, you'll carry forward your deduction, but you're not writing off, those are low tax dollars, I would much rather see you instead of having 1.2 million go so your incomes 180. We want to write off 170, but then have that 170 every year for a number of years. So the number of years you have you're all knocking off that top and 40% tax rate. And then instead of using it on the 10%.   Michael: Got it. Got it. And so if I heard you, right, there's the year breakdown is five 715 and 27 and a half. But did you say that there's something that are depreciable for a shorter lifespan did I miss here?   Scott: There are there's an IRS documents, that's how to depreciate property. And there are some individual items that they put out there that are different. We actually just did one on on Native American land, which was interesting. All of the fives go to three, the fifth teams go to nine and and then the 39 goes to 22. It's strange. But yeah, so there's just different ways to depreciate different property. A lot of that doesn't apply to actual real estate.   Michael: Got it? Okay, so the big categories we need to be aware of are five 715 and 27 and a half.   Scott: Yeah, that's pretty much where it falls.   Michael: Okay. And so how does it work? Like, if I've got this house, right, let's say I bought it for 200,000? Is the cost segregation based on the purchase price is based on the taxable value? And then how do you know how much electrical is in that house? versus how much plumbing versus how much drywall?   Scott: Sure, the nice thing with us is that we actually don't go off of valuation, we go off of cost basis, so we go off of what you actually paid, or what you actually put in the property.   Michael: Okay.   Scott: So for us, that's maybe not be a benefit for some people, because like, they go, Hey, my values way up. But for us, it makes it a lot easier, because then we're not making having to make a judgment or, you know, say, Hey, you know, I think my property's worth a million bucks. Here we go, Well, that doesn't really have anything to do with it, you bought it for a half a million, right? So that's what we're working with. So it's very simple in that way is that, you know, I bought it for half a million I put 100,000 in, and those are the numbers that we work with.   Michael: Okay.   Scott: And then how we do it is, you know, this kind of gets into why, you know, some of the people never heard of it, because there are why they're CBA never brought it up, is because we work with construction, right? We work in construction engineers. And so part of our process is, you know, scanning, identifying and measuring, you know, all the different components. So start with the easy stuff, right? The stuff that you can physically see, right, so we actually create a floor plans and we have something that's really cool and very helpful called a ceiling plan. So imagine you have an office that is 20,000 square feet with 200 offices, right? Okay, try counting the fluorescent lights in that.   Michael: I'd rather not   Scott: And here's where the trouble kind of comes in is you go Okay, so I'm standing in this office now trying to picture I'm standing on an office with 200 rooms and 40,000 square feet amount that's accurate. But whatever, yeah, and you have to count anywhere between 120 and 130 different items. So do you count, just like the fluorescent lights and circle the entire building once? Or do you count all of those items that's in the room, and then go room by room counting, you know, 50, to 100, items, all those things, so becomes very, very difficult. And so that's where our scanning comes in, it actually looks upwards at the ceiling, because we scan the whole thing. And so on one sheet of paper, I can actually just see every single light in the entire thing, it also helps us see, one of the kind of one of the tricks that we have is if you can see like a floor plan, but that looks at the ceiling, you can see where all the vents are. And HVC will run the length of the building, and will branch off of a main pipe.   And so we can actually draw the hvac from that plan. So that's, you know, kind of one of the ways that, you know, we were able to kind of fix things and identify them, there's other little tricks of the trade that we don't want to give everything away. But for the most part, we can see everything, you know, I know you do multifamily, there are large multi families here in you know, in Arizona, that you know, there, but 200 doors or something like that, one of the difficult things is there's usually about 5200 square foot squares of gravel that are throughout the entire property. And when you're not looking down like a satellite, that's almost impossible to count, I think about this all the time, and how we can, you know, work with other competitors, I'm going there's no way. Standing on the ground and actually counting and measuring because, you know, frankly, a lot of these shapes are not squares, you know, they're, you know, different shapes. So, you know, without a computer, how would you get the square footage of these little tiny bits of gravel all over a place?   And I think the answer is I don't, right. So what happens is that with a lot of cost segregation companies, you'll get a cost allocation. So they'll say there's, you know, $100,000 of gravel on this whole big lot. But there won't be a quantity allocation, you know, they're not actually measuring it and then multiplying it by four footage, they're just going to the end and getting an estimate,   Michael: Why is that a bad thing, if they just give the number of seemingly that's what's the important thing anyhow, at the end of the day?   Scott: Everything has to do with accuracy. And so the IRS puts out guidance, and they actually named several levels of cost segregation, the highest level being actual cost and engineer base. So you go out and measure everything you measure, count everything with the actual costs. And then the next best is, you know, engineer base with estimated cost, which is we do a combination of those two items, mostly. So a lot of times, you know, if you just build or you've remodeled, you actually have the actual cost, right. But if you bought a property, you know, you paid a price, you know, many times you don't have any idea what your actual costs are going to be. And so estimate is the net, but then, and then it kind of goes down from there. And so then, you know, you kind of fall into rule of thumb, which is essentially what that is, is, you know, based on a property that's this expensive, a rule of thumb would be, you know, 30%.   I'll explain it this way. This is kind of like a, you know, a financial evaluation. But there's a rule of thumb in like companies that if you ran a company, you would pay two to three times revenue, right?   Michael: to purchase that company.   Scott: Yeah, to purchase that company is, you know, if they made a million dollars in revenue, you would buy for about 3 million to these companies that each do three, you know, do a million dollars in revenue, but one has 85% profit margin, the other one has a 15% profit margin, right? Are those two companies valued at the same?   Michael: No they shouldn't be?   Scott: They should not be? Right. So your rule of thumb is helpful, right? It is a good starting point, you know that you would pay 3 million, but if you paid $3 million, and your profit margin was 15, versus paying 3 million for a profit margin of 85. You one person got ripped off?   Michael: Yeah!   Scott: You're getting what you're paying for. I think the issue would be as if you're paying for an engineer based study that's at the highest level, because you would like to have some level of audit protection. You're paying for that, but you're not getting it, then you're getting ripped off. I'm not trying to accuse anybody of you know, ripping people off, but you have to deliver what you say you're giving and that's where we shine, we're very clearly able to deliver it and only that we can deliver your property to the IRS if need be. We can just send them the the walkthroughs and the 3d models that we have. And if they want to count the trees, they can count the trees they want to measure the drywall measure the drywall, they could actually do that. And that's you know, I think the difference that would that we bring versus other people.   Michael: So if somebody was going to go get a cost segregation study done, and they were into being by different companies, much like I did, How would somebody ensure that they're getting the most, you know, bulletproof study results that they could? What questions should they be asking?   Scott: The first question is an engineer base? That is what the IRS is mostly looking for. Okay. And this is this question would bound to come up to most people is when you're searching, you will find the DIY. And I mean that in a general sense, right? Like do it yourself kind of thing. So what you would do with those is you send in where your your addresses, maybe a few items, like roof type, and you know, things like that. And then they send you back within a few minutes, your allocation,   Michael: The breakdown of your 5 -7 -15-27.   Scott: Yeah, breakdown, five 715. So that would be really a rule of thumb or an estimate. And so and then what they add is, you know, kind of an audit insurance. And that is an interesting to cover, because when you read the fine print on that, what that means is, is that if you were ever audited, then they would actually come out and do an actual cost segue for you.   Michael: Try and catch up.   Scott: Yeah, but I go, that's not how that works. Let's think about our tax system. Right? our tax system is an honor system. So they're expecting you to do your taxes correctly. Right? Right. That's the expectation of the honor system, once you've been audited, you don't get to go to them and be like, Oh, whoops, I meant to not take that deduction that I didn't. It's too late at that time, you don't get to change the numbers. The numbers are what they are. You submitted them, and you signed off for them as they are true. Okay.   So even if they did come out and do a cost segue, what are they going to do perfectly match them to the estimate that they gave you, that's the thing that I just don't really understand is, you know, it's kind of like back and you probably remember back in the mortgage days, you know, it's like, guy selling a house. He's like, dude, I need this appraisal to be 300,000.   Michael: Right, make it so.   Scott: And then the appraiser comes in, like, hey, it hit 300,000. What do you know, you know, what do you know? Yeah, you know, not trying to degrade anybody who might have been in that industry. I mean, that, you know, as a whole system, starting from the financial side down, that, you know, that messed everything up, the whole thing was so messed up. So don't want to attack any one person or industry in that time. But facts are facts, you know,   Michael: It happened, right? Yeah, that's how it went down. Okay,   Scott: You know, we kind of make a joke about it, you're like, Listen, if you want to, you know, take your $500 and say, I took a couple bags down to Goodwill. And, you know, that's my charitable donation, I get 500 bucks. You know, a lot of times, you're not going to need a receipt for that. But the area that we'll deal in, is we're going to give you a $1.5 million tax deduction. So hold on to that receipt, you know, it's like it's Dumb and Dumber, right? This 250,000 IOU you might want to hold on to that one.   Michael: Such a good reference.   Scott: Yeah, I know, right. So we're gonna document document document, you know, we're gonna give you everything, you know, that any other company gives you from the exact numbers, you know, you have access to 600, 4k photos, 3d models, and a 3d walkthrough of the property. And I don't know if you want it to go to a different topic. But one of the interesting things about the doing a walkthrough, versus a photo is very, you know, I think it's actually really interesting. And how that is, is, if I were to say that I had 40, fluorescent lights, and my proof that I had fluorescent lights was a picture of a fluorescent light, right? There's no context there, right? I could take a look up, take a picture of my fluorescent light right here and say, Hey, you know, there's a fluorescent light, and there's 60 of them.   Michael: There's 40, right?   Scott: When you can physically walk from room to room in a virtual walkthrough, you know, hey, I'm in this room, there's four lights, and then I walked out of this room and walked into the next one, there's four there, so you can actually count them and know that he didn't miss anything.   Michael: Yeah, that makes so much sense. And I love the 3d model, too, because I took this statistics course in college. And the first day, the professor handed out like a thing, it was a cylinder and said, Okay, I want everyone to measure it, and come right down what your measurement is. And everybody, of course, had a different measurement and the variance between, you know, the whole class was massive. It's like, we all have the same measurement stick we all have, we're all measuring the same device, but yet the disparity is huge. So I could definitely see that with someone walking through and measuring versus a walk through tour, where everything is, is is modeled out, we're all looking at the same thing.   Scott: Sure. Well, I think to I mean, dive right into it. Let's look at the economics of it. Right. You know, the reason one of the reasons people didn't know about cost segregation studies, is it used to cost $30,000   Michael: Hmm.   Scott: And so in order to make it economical, you had to own a $10 million building, right? Because, you know, you better get a massive write off and have a lot of profit to pay 30 grand, right. Well, now those prices have come down, you know, they push down to the I don't think we do many under nine. I mean, you know, there's always massive buildings that are complicated, but you know, it's more in the three to six to seven ish range. The question is, is that how have the cost change. And we think about this constantly, the best part is we're super transparent, we've cut costs with technology is we don't have to send a construction engineer to your property, we can have a pilot operator, go to the property, scan it. And then we can have our engineers working from a computer. So it's a lot more efficient.   And so we go, we can cut costs, because we've added tech, right? And we go, how have you got caught? We look at those things. And we go, you're supposed to be sending an engineer out, and you go, right, but you make $10,000. Now you make three or four. Right? Okay, so what's cut?   Michael: Right, what are you doing differently?   Scott: You know, we have some guesses, we think that the, the amount of time spent on a property is being cut? No, here's some examples of that, you know, I don't want to be too accusatory. But, you know, we know how we do it. We use technology, right? And we use efficiency. And that's why, you know, how you're still able to get the top quality with the prices coming down. You know, and that's, you know, I'm sure your question that most people are going to want to know is, how is pricing set? And how much do these things cost?   Michael: Right. So let's talk about that. And then we'll jump into who these are good and bad for? So is there a kind of a ballpark estimate? Or if I've got a $500,000 property, a cost segue might cost me this much? Or how do you determine price.   Scott: I actually wrote a program that you can run a quote on our website, so it's our CG valuation calm, and then you just click the quote button, okay? It's absolutely free. And most importantly, you don't have to give us your information to run the quote,   Michael: Awesome, I don't have to give you my social and credit card and my email address,   Scott: You don't have to give us anything, you can just sit and run quotes all day. And it's free, you can make adjustments and see how the variables work, because that will adjust the price. And you know, how much you can depreciate. So the two different types of properties. So there's a few variables that kind of go into it. I mean, basically, it's pretty simple. It's, it's more expensive and more complicated, the cost goes up. If it's short and smaller, and simpler, the cost goes down. But the number one discount that we give people is doing multiple properties. So if you're running a quote on our system, and you go, Hey, I own 10 properties, but I'm, you know, I'm only looking at cost, like for this one, you can run several quotes and add that multiple properties thing up, and you'll watch your price, you know, drastically get cut. So, it's, you know, it's an it's an incentive to do more business, which we're, again, pretty transparent about, you know, yeah, we want you to do lots and lots of business classes. And maybe that's just, you know, kind of my background, but how do you incentivize someone to do more business financially, right, you know, like, your cost is gonna go down if you do more.   Michael: So most of our listeners are in the single family space, I would argue in the 100 $150,000 purchase price. So let's talk about boo are good candidates to have a cost segregation study done. If I said that verbally correctly, who would benefit from a cost segue study, and Who wouldn't? You know, who should avoid these?   Scott: Absolutely. So let's just start with the who wouldn't, is probably a lot easier, you know, and more narrow, and then you can just kind of balance yourself out, most flippers, just don't, and the reason is pretty simple. You want a very, very high cost basis, when you sell a property, because you're gonna pay a lot of taxes, we give people a very low cost basis. So you know, it doesn't fit, we'd like to see probably a five year hold. Some people say, three, I'm not super comfortable with that I would like to see over five years, and there's, you know, there's reasons that we can get into why that is, the cost can be prohibitive, right? Because what happens is, when you're when you get to a low enough number, we hit like a fixed cost, right?   So, for even for a pilot to go out, it's just like, Listen, it's gonna cost x plus time, right? So at the time, isn't that great? It still costs x. So you know, there are some hard floors that we hit that we try to do. But you know, that's kind of where you but if you'll see in our coding system, it is designed to make it cost effective. It really is just kind of a ratio. So you go, Well, I own this property, it's 100,000. Is it worth it? You got what you pay for it? Right? If it's, you paid nothing for it. And yeah, if you paid seven grand for it, then no, you know, so you have to understand what your costs are. Also, you're gonna have to understand what your tax year is going to be like, Well, you see some people that it might cost a little more, but they had a major windfall, and they just don't have any other way of reducing their taxes.   So give an example somebody that is trying to 1031 a property, they they bought a property, you know, 200,000 they're selling it for 2 million, and you know, they're trying to get the 1031 through and it's November and it falls through right. So now you got $1.8 million of gain and you owe capital gains on that. So I don't know what does that 400,000 ish, whatever,   Michael: It's a crap ton.   Scott: It's a lot. You know, let's just say that you don't have 400,000 in cash, you know, and whatever, I don't know. So in that scenario, you know, having $100,000 house and then you do a cost segue, that's, you know, 1000 $2,000, maybe 2000s a little rich for you, but you're not going to have a $2 million tax bill every year, it becomes imperative that this year you need as much tax deduction as you can get. And so then you do you know, several of them and, and, you know, you take the bonus on all of them, we had a client that had sold the business and had a windfall of somewhere in the range of $20 million. What are you gonna do?   Michael: Yeah.   Scott: You're going okay, so I just got this, and now I got a $5 million bill, I need to write a check for 5 million, what can I do, and and I'm not going to need it next year, right? The windfall is a once in a lifetime opportunity, I need the depreciation now. I have another client too, that they inherited double e bonds, basically, you don't pay any taxes until they come due. And these bonds they inherited were like 50 years old. So every year, they add an additional $120,000 coming due that was fully taxable, but it was only going to come due for another four years. So does depreciating over 39 years sound like the right way or maybe accelerate that over a four year period sound like a good idea for you?   I don't want to call it a game. But this is what we do with the IRS, the IRS is indifferent to tax timing. And that's why cost segregation doesn't necessarily raise your audit risk is because if you are allowed by law to depreciate a million dollars, and we keep that and that's the one thing that we make sure we do you don't depreciate a penny more or penny less than a million dollars. As long as you do that. They're more indifferent to when you do it. So they're because they're going okay, you're gonna take your million dollars early linear won't get it late. And so that's why that's different than tax credits and tax deduction, you get a refundable tax credit, they are not only out money, but they may have to write you a check, like just straight out money.   Michael: Yeah. Scott: So they're going to verify that your tax credit is legitimate with tax timing, you know, I don't want to be misconstrued that they don't look, but it's less of a priority to them. Because they're just going well, it's a it's a timing issue. And the IRS never really cares about timing. That's why they, they don't need to catch you. You know, like, if you're, if you're cheating the IRS, they don't need to catch you this year. They don't care about time,   Michael: They'll get you next year, the year after.   Scott: And if you if we get you seven years later, the penalties are going to be pretty bad. So yeah, they're not in a hurry. So time is not necessarily matter. But what you can do is make that to your advantage. One of the secret sauce that we have is it does come from me being a CFA not a CPA, you know, I have the greatest respect for CPAs. And what they do, you know, we, you know, we feel we're an expert in about four to five tax codes, there's 9800 of them. So this is no eight denigrating what CPAs do, but it's just a difference of how I look at the world, right?   So I'm looking at things from a financial standpoint, how to grow a business. And so what we try to do is we go okay, so not to call it anybody's age, but we're decently young for property owners. You know, I think a lot of property owners are, you know, in their 50s and 60s, but if we had accelerated depreciation over seven years, how many times do I have to repeat that before I retire to three, maybe not a lot. And that's a tax timing thing. So I'm in my high income, earning years, where I want my highest appreciation, and I want to defer them to a time that I'm in a low income in retirement is one way of using timing to your advantage.   Michael: Sure. And so it sounds like if somebody is contemplating getting a cost segregation study done, it really needs to be kind of a three way conversation. One is themselves the owner to is with their CPA, their tax planner. And then third is with a cost segue study to find out what the impact is going to be on their taxes and and the CPA can tell them, Hey, this is going to be beneficial to you now, or maybe you want to hold off, is that fair to say?   Scott: I agree. The CPA is going to be absolutely integral in the cost segregation. And I think one of the questions that, like we were talking about a little before comes up is Why can't my CPA just do it? And the answer is, they don't employ engineers, right? They're, they're not construction specialists. And that's, you know, we have, you know, kind of three parts to our business. I was a joke with people I say, there's at least one part of my business that people's, the eyes roll in the back of their head, you know, it's like, oh, technology. That's super cool. Construction. Love it. Like taxes. You're like, yeah, oh, god, this is awful. Are you like taxes? You're like, dude, I'm a tech guy, man. I'm like, you know, love the numbers and the tech school and you're like, sweet, go walk, you know, do a bunch of construction. You're like, no, that's not that's not really my thing. You know? So So yes, it gives us a little protection for our business that somebody One part of what we do so the CPA has has their role, and they have to fit it into the overall picture, make sure all aspects of your tax life work and cost segregation is going to work for you.   We work very closely with a bunch of CPAs to, you know, help them understand, you know, exactly, just the ins and outs of a specific tax code, right. So we try to be experts in about four or five codes, which, like I said, they have to cover 9800. So insane respect for what they do. But when it comes to the four or five, you know, we can offer some help to the CPA and, you know, and to the client to help them understand a little bit.   Michael: Awesome. So, when you did the costsegs, for me, I had just done some major extensive rehab on a couple different properties. So I had heard that, you know, cost seg are great for rehabbers people that have done a lot of value add people that have spent a lot of money on properties, but I had also heard that you could buy a turnkey property and still take advantage of a cost segs, is that true?   Scott:: Absolutely. I think that when you dive into it, so let's just take the, you know, look at them as two finished property. So if you have a multifamily residential, you'd be looking at somewhere about, you know, 30 to 35% of it that we'd be able to allocate towards a faster schedule. So like, kind of bonus side, right. So that's where you would kind of start now. Now go to your rehab, you not only had you know, all the remodel, but you had what we call disposal, or it's a partial disposal, I'll explain it this way, if you bought a property for a million dollars, and you found out you had to put a roof on it, and the roof costs $100,000. So on your balance sheet, a lot of times people would put that their property is $1.1 million.   But that's not true. Because you don't have to, you only have one, so you took a piece of property, and you disposed of it. And whenever you dispose when you have an asset that isn't worth anything anymore, then you have to take an immediate write off for that asset. So let's say that the old roof was still worth about $40,000, what we would do is you would have all of the depreciation, just like a brand new place plus, anything you had to rip out, and the cost involved with that, in order to, you know, to add to the cost segregation, you got 30,000 to the cost segregation, but then you would add, like the 40,000, for the roof you tore off and you know, all of the carpet and the toilets and whatever you pulled out of there, and that the stuff that you threw out, would also add to the cost segregation. That's why a rehab is very, very good for you. But it doesn't take away from that you still get about 30% you know, extra bonus right off just from buying a turnkey place.   Michael: Wow. Okay, so is that kind of a ballpark estimate, then if I buy something turnkey? Let's say go buy $100,000 property? Roughly? I should I could expect 30,000 in bonus depreciation in your one ballpark?   Scott: Depends what your land is.   Michael: Oh, sure. Okay.   Scott: But yeah, so we're talking building land is a big thing. And that's one thing that we can cover. And actually one of the things that I think that we do a very good job of, there's actually a lawsuit that came out of LA County. There's a property owner that wanted to reduce the value of land that they were appraising in his building. And what came out of that lawsuit was that property owners do not have a specific ability to differentiate the value of the building versus the land, they do have an ability to value the total purchase, because that's what they do. Right? They buy the entire thing.   So the it was ruled that the property owner was not able to do that. But that's where I come in, is, and we go back to what we're talking about with me having, you know, construction on it certifications being evaluation specialist, right. So I'm, you know, one of 40 cfaes in the state of Arizona, right. And I'm, you know, there's probably about 1000 of us in the entire country, right? So do I hold the specific credentials, to be able to value land versus building? I certainly do.   And we use that we will look at those and work very hard to make sure that your land is allocated correctly. And if it's not, we will provide the proof that it should be reallocated an example that we would see, and sometimes they're accurate, and sometimes they're not right, but the example that we would see is, you know, you have an allocation of land that we think is far too high. We will go and find land sales in that area over the last, you know, 10 years, and we use pretty conservative numbers too.   But let's say that they say the lands where you know, it's a million dollar building and they say the land is worth 400,000. We will go through and go there hasn't been a piece of land sold in that area over a 10 year period over 100,000 and so we would just go, the actual sale of land is more accurate than whatever calculation you're using to assess that land. And so, we would use statistical analysis. So, you know, you know, over 30 options, you know, pulling out and reallocating, you know, different outlier, high and low and, and use some very strong statistical analysis to revalue your land at, you know, at a much lower level, you know, if need be.   Michael: So, Scott, this has been awesome, man, thank you so much for coming on. If people want to get in touch with you, Rcg for your services for cost segues, what's the best way for people to do that?   Scott: Yeah, so RCG Valuation.com is we that's where we were in a quote on that, quote, you'll see somebody whose name his name is Tyler Baldwin, he is our Director of Sales, you can call him directly and by have anything to say about it, they'll call you really, really quickly. I really work on that very hard. And you know, I think Michael, you, you know, obviously, you've worked with us and you can attest to this. You know, once you start working with us, you will have my cell phone, you just call m . So, and I try to answer and we try to be as available as possible, you know, so we like to get out. You know, get our quotes and get the people as quickly as you can and help them save taxes.     Michael: Love it, love. Yeah, Scott Roelofs Thanks so much, man. Really appreciate you coming on. And I'm sure I'll be calling you from the next caustic studies shortly.   Scott: I appreciate it. We love it.   Michael: Big thank you to Scott for coming on the show was a lot of fun. I learned a ton. Hopefully you did too. If you'd liked this episode, please feel free to leave us a rating a review whatever it is, you'll see your podcast and we look forward to seeing the next one. Happy investing.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Craig Staswick, CPA, discuss cost segregation studies, including why they have become more popular in recent years, when and why low-income housing tax credit (LIHTC) stakeholders should start considering the studies, how cost segregation studies can accelerate depreciation deductions and what's involved in the studies. They also discuss the future of the studies, how cost segregation studies apply to non-LIHTC properties and more.

In this week's Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Craig Staswick, CPA, discuss cost segregation studies, including why they have become more popular in recent years, when and why low-income housing tax credit (LIHTC) stakeholders should start considering the studies, how cost segregation studies can accelerate depreciation deductions and what's involved in the studies. They also discuss the future of the studies, how cost segregation studies apply to non-LIHTC properties and more.

We are with Joseph Viery with US TAX ADVISORS Group, who are engineers that specialize in Cost Segregation Studies that can SAVE YOU $1000's and Even Millions over your Lifetime in TAXES!!! This is the interview that you all have been waiting for to Pay ZERO TAXES, and Joe answers the big question of how you can use this strategy for Residential Houses!!

We are with Joseph Viery with US TAX ADVISORS Group, who are engineers that specialize in Cost Segregation Studies that can SAVE YOU $1000's and Even Millions over your Lifetime in TAXES!!! This is the interview that you all have been waiting for to Pay ZERO TAXES, and Joe answers the big question of how you can use this strategy for Residential Houses!!

Nels Larsen, CPA at Guidance Accounting talks with Eric Weitzer of Baker Tilly about Cost Segregation studies, what they are, why they may be needed, and how they can provide tremendous tax benefits to owners of residential and commercial real estate. Owners of and investors in real estate need to be aware of this tax planning tool. Eric can be contacted at Eric.Weitzer@BakerTilly.com or 414-777-5592.

Join me and my co-host, Matt, as we chat with Yonah Weiss about why depreciation isn't necessarily a bad word and how you can use cost segregation to increase your tax write-offs and your cash flow. Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has helped clients save tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the new podcast Weiss Advice. He's going to discuss how cost segregation works and who should use it. Stay tuned, and enjoy the episode!  Depreciation and Cost Segregation  Cost segregation is a way for you to save on income tax from your real estate investment and increase your cashflow by accelerating depreciation deductions.  Looking at depreciation from this viewpoint, it wasn't such a bad thing after all. By speeding up your assets' depreciation, you can offset any income that you generate from your real estate investments and drive your bottom line.  Cost segregation is a simple yet powerful tool that you can use as a real estate investor to increase property value and increase cash flow. And if you haven't done a cost segregation study for your investment properties yet, now may be the right time to explore this option.  About Yonah Weiss: Ever since I was young, I have been a teacher; my grandmother used to call it “the family business.” The principle “If you know ABCs--teach ABCs” has always resonated with me. It's what drove me to teach professionally for over a decade, and it's what continues to drive me to help people save tons of money on income tax or invest in real estate. Outline of the Episode: ●       [01:44] - Defining and understanding what depreciation is ●       [05:39] - Cost segregation is just an advanced form of depreciation. ●       [6:39] - Who should use a cost segregation study? ●       [8:40] - Why would someone perform cost segregation when the depreciation is recaptured at exit? ●       [10:44] - Recapture tax is something very serious that you need to consider when buying a property. ●       [12:45] - The price point of a cost segregation study based on the scope of work of the project ●       [14:48] - Madison SPECS' free feasibility analysis estimate ●       [16:52] - How will a cost segregation study increase your cash flow as a property owner? ●       [21:19] - You do not have to do cost segregation in the first year of ownership. You can get it retroactively. ●       [24:00] - When is the right time to do a cost segregation study?   Resources: ●       Linked In ●       Personal Website ●       Company Website ●       Facebook ●       Podcast ●       Virtual Real Estate Meetup ●       "Tax-Free Wealth" by Tom Wheelwright   Connect with The Cashflow Project! ●       Website ●       LinkedIn ●       YouTube ●       Facebook ●       Instagram

Today we sit down with Yonah Weiss. Yonah serves as Business Director for Madison SPECS, where he coordinates engineer-based cost segregation studies for real estate properties. Cost Segregation is an IRS -approved process for reclassifying real estate components and improvements to accelerate depreciation deductions, defer taxes and improve cash flow. Yonah talks with us to clarify why cost segregation studies are so powerful for reducing your tax burden.  Today's Topics Inlcude: Which types of properties can benefit from a cost segregation study What the study entails Which components of a property can be depreciated.  Which properties would not be a good candidate How much savings a cost seg study can bring How to start the process  And much more Connect with Yonah: LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Website: https://www.yonahweiss.com/ Podcast: WeissAdvice Connect with Us: Website: www.themultifamilytakeoff.com Instagram: http://instagram.com/themultifamilytakeoff Email: Mike: Mike@themultifamilytakeoff.com Shawn: shawn@themultifamilytakeoff.com Rich: rich@themultifamilytakeoff.com DON'T FORGET TO SUBSCRIBE, RATE, REVIEW, AND SHARE

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode, we're joined by Kevin Jerry, EVP at Cost Segregation Services Inc to discuss the Tangible Property Regulations including safe harbors, partial asset dispositions, and how they intertwine with cost segregation studies, as well as the real estate professional status (REPS)and common misconceptions. For a free Depreciation Analysis from Kevin himself visit https://bit.ly/KJerry or contact Kevin directly at 502-216-5941 (cell), Jerryk@costsegserv.com, or CSSIstudy.com For more education about optimizing your tax position, use this guide as a resource for just about every topic that applies to you as a real estate investor: www.therealestatecpa.com/the-ultimate…te-investors For a free consultation from The Real Estate CPA visit https://www.therealestatecpa.com/become-client Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa/

Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: Cost segregation studies and how they relate to the building you own How you can use cost segregation studies to lower your tax bill How you can use cost segregation studies to offset the cost of your renovation Why you can do a cost segregation study any time after you've purchased the building Common reasons why dentist don't do a study, and how to get past them Why cost segregation studies are good to keep in your back pocket Additional Resources: Website: www.theprogressivedentist.com

The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode, we're joined by Yonah Weiss, Business Director for Madison SPECS and cost segregation expert to discuss how cost segregation studies can reduce your tax liability and more! You can reach Yonah Weiss at yweiss@madisonspecs.com or https://www.linkedin.com/in/cost-segregation-yonah-weiss/ To sign up for our Virtual Workshops visit: www.therealestatecpa.com/virtual-workshop/ Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Check out The 2019 Ultimate Guide to IRS Schedule E for Real Estate Investors at: www.therealestatecpa.com/ultimate-gui…-schedule-e/