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4 episodes with erik oliver
3 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
2 episodes with erik oliver
Get ready to fast-track your financial freedom. In this power-packed solo episode, Tait Duryea and Ryan Gibson share the top strategies from over 110 episodes of Passive Income Pilots. From unlocking hidden cash in your 401(k) and home equity to leveraging life insurance and short-term rentals for major tax breaks, they distill years of pilot-specific investing wisdom into five key pillars. You'll learn about real estate professional status, cost segregation, bonus depreciation, syndications, and which CPA you need. Whether you're just starting or optimizing your path to passive income, this episode is your blueprint.Show notes:(0:00) Intro(1:59) Five investing categories for pilots(3:38) Finding cash to invest smartly(4:59) Whole life insurance and infinite banking(10:17) 401(k) loans and strategic borrowing(19:31) The short-term rental loophole explained(24:53) Real estate professional (REP) status breakdown(31:03) Cost segregation and bonus depreciation(40:20) OutroConnect with Hall CPA: https://bit.ly/HallCPA Hall CPA - Passive Income Pilots 1-1 Tax Strategy Call: https://calendly.com/tax-smart-rei-plus/pipEpisodes mentioned:#11 - How To Succeed In This High Interest Environment#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis#23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for Pilots#36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long#44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental Loopholes#47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie#70 - Leveraging Life Insurance for Passive Income with Rod Zabriskie and Blake Brogan#71 - 5 Creative Ways To Find Investment Cash#74 - The Inside Track: Mastering Real Estate Syndications for Long-Term Success#75 - Unlocking Real Estate Professional Status (REPS) with Brandon Hall#82 - From LLCs and HSAs to Roth IRAs: Mastering Wealth Protection with Mark Kohler#84 - Tax-Free Growth & Infinite Loans: Whole Life Insurance Strategies for High-Earners#85 - Cost Segregation: The Tax Strategy You Can't Afford to Ignore with Erik Oliver#108 - Case Study: Real Estate Professional Status That Held Up in Court with Brandon Hall#110 - The IRA Club Advantage: The Self-Directed IRA Strategy for Pilots with Ramez Fakhoury— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. What You Will Learn: Who is Erik Oliver? How does selling a property and carrying the note benefit the seller? What is the concept of the "velocity of money" in investing? How can self-directed IRAs be utilized for note investing? What are the tax advantages of using a health savings account (HSA) for investments? How is interest income from notes taxed for individual investors? What happens to the depreciation recapture when a property is sold? How has the percentage of bonus depreciation changed from 2022 to 2027? What legislative actions are currently being discussed regarding bonus depreciation? How can investors prepare for potential changes in tax legislation affecting real estate? How can real estate investors utilize these tax credits to their advantage? What should a real estate investor do if their current tax preparer is unaware of these tax strategies? How can real estate agents use cost segregation to differentiate themselves in the market? What is the process for business owners, such as dentists, to benefit from cost segregation? How can cost segregation be applied to dental offices and other medical practices? How flexible is the timing for conducting a cost segregation study after purchasing a property? What are the tax implications for international investors, such as Canadians, who own U.S. properties? What key takeaway does Erik emphasize about the difference between tax preparers and tax strategists? How can real estate professionals leverage cost segregation to provide value to their clients? Erik shares how everyone can contact her. Additional Resources from Erik Oliver: Website: https://csap.com/ Email: erik@costsegauthority.com LinkedIn: https://www.linkedin.com/in/erik-oliver-b800657/ Attention Investors and Agents Are you looking to grow your business? Need to connect with aggressive like-minded people like yourself? We have all the right tools, knowledge, and coaching to positively effect your bottom line. Visit:http://globalinvestoragent.com/join-gia-team to see what we can offer and to schedule your FREE consultation! Our NEW book is out...order yours NOW! Global Investor Agent: How Do You Thrive Not Just Survive in a Market Shift? Get your copy here: https://amzn.to/3SV0khX HEY! You should be in class this coming Monday (MNL). It's Free and packed with actions you should take now! Here's the link to register: https://us02web.zoom.us/webinar/register/WN_sNMjT-5DTIakCFO2ronDCg
Erik Oliver, Vice President of National Accounts at Cost Segregation Authority, dives deep into the benefits and processes of cost segregation in real estate. He clarifies how this tax strategy can accelerate depreciation, reduce tax liability, and enhance cash flow for property owners. With new tax policies on the horizon, understanding these advantages is more crucial than ever. Key Takeaways To Listen For What is cost segregation? Cash flow benefits of accelerated depreciation A strategy for managing large capital gains and tax liabilities How shifts in political climate can affect tax benefits Expert advice for new investors Resources/Links Mentioned In This Episode Tax-Free Wealth by Tom Wheelwright | Kindle and Paperback About Erik OliverErik Oliver serves as the Vice President of National Accounts at Cost Segregation Authority, a national provider of cost segregation services that help building owners maximize tax benefits through specialized depreciation strategies. With a solid accounting background, Erik educates commercial real estate owners nationwide on tax deductions, simplifying complex tax incentives. He is a sought-after speaker at regional and national events, sharing his expertise on accelerating depreciation, minimizing tax liabilities, and optimizing wealth building. In addition to his role at Cost Segregation Authority, Erik holds a Bachelor of Applied Science in Accounting from Westminster College. Before joining the company, he gained valuable experience in operations management. His practical knowledge and ability to simplify complex tax incentives make him a sought-after speaker at regional and national events. His work helps real estate investors accelerate depreciation, minimize tax liabilities, and optimize wealth building. Connect with Erik Website: Cost Segregation Authority LinkedIn: Erik Oliver Connect With UsIf you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554
From tax hikes to billionaire warnings and nationwide scandals, March 2025 was wild for the market. This TMIREI episode breaks down all the drama, danger, and opportunity shaping your investing decisions right now.Click here to see more on this episode.This Month's News Items:Illinois Property Taxes Double In 2025Trump's Canadian TariffsLas Vegas Real Estate Mogul Federal IndictmentMultifamily Compound At An Ugly PriceWells Fargo Sues JPMorgan ChaseU.S. Real Estate Faces Nightmare Foreclosure CrisisArizona Attorney General Sues Real Estate OperatorsTrump Return-to-Office Order Is Impacting the DC Real-EstateBillionaire Warns of Looming Real Estate ‘Catastrophe'Class Action Lawsuit Claims Kickback SchemeLarry Ellison Pours Millions Into Exclusive Palm Beach EnclaveReal Estate World Fighting Over Secret Listings11 Things Gen Z Thinks Are Status Symbols(00:00) - Welcome to This Month In Real Estate Investing(00:26) - Introducing the Guest Panel(01:16) - Market Trends: Inventory and Foreclosures(03:30) - Real Estate Investment Strategies in 2025(07:12) - Regional Investing Insights(11:45) - The Reality Behind Foreclosure Headlines(15:20) - Interest Rates, Inflation, and Market Impact(18:50) - Understanding Buyer and Seller Psychology(21:33) - The Power of Private Capital and Community(24:15) - “Flipping New York” Stories and Hard Money Realities(28:42) - Making Money in Any Market(30:30) - Government Role in Housing Supply Issues(34:10) - Upcoming Projects and Personal Journeys(37:20) - The Flip Side of Commercial Real Estate(41:04) - Mental Health, Wellness, and Business Balance(44:30) - Personal and Professional Motivation(47:20) - Final Thoughts from the Panel(49:12) - Exclusive Spotify Video Q&A Segment Promo(50:00) - Outro and How to Connect With GuestsHost: James A. BrownVisit the Legacy Wealth CollectiveGuests: Crystal Stranger, Erik Oliver, and Mischa ZvegintzovSubscribe and follow now at https://www.thismonthinrealestateinvesting.com/Join us for another episode of This Month In Real Estate Investing hosted by Denver, Colorado realtor and real estate investor James A. Brown with our revolving list of expert panelists in a monthly roundtable discussion about breaking news, technology, economics, culture, and strategy in the real estate investing industry.This is definitely the REI show you don't want to miss!Follow and subscribe now to United States Real Estate Investor on all the socials and on your favorite podcast app.https://www.thismonthinrealestateinvesting.com/https://www.unitedstatesrealestateinvestor.com/Want to create live streams like this? Check out StreamYard: https://streamyard.com/pal/5465193527115776
Cost segregation can save you a lot of money on your investment properties through taxes. Today's guest is an expert on this topic and shares what you need to know about cost segregation. On today's episode of Zen and the Art of Real Estate Investing, Jonathan interviews Erik Oliver, Vice President of National Accounts at Cost Segregation Authority. His company reclassifies assets, which then allows you to accelerate the depreciation. Using this strategy could save you a ton of money on taxes. Jonathan and Erik explore cost segregation and who it benefits. You'll hear Erik's example of cost segregation for an office building, the importance of hiring an accountant specializing in this concept and real estate, and the audit considerations when you decide to do cost segregation. You'll hear what Erik believes is the “must do” asset class for cost seg, the value of setting up a team to help mitigate your tax burden, and what Erik learned from his first disastrous rental property. Finally, Erik explains his involvement with micro apartments and opportunity zones as an answer to the affordable housing problem and the importance of cost segs in syndication investments. Taxes can take a big bite out of your investment income, and cost segregation can make a big difference in your returns. Don't miss Erik Oliver's expertise in making the most of cost segregation. In this episode, you will hear: What cost segregation is, and who needs it Erik Oliver's example of cost segregation for an office building The importance of hiring an accountant who understands the concept of cost segregation and real estate Why cost segregation is way deeper than just the “stuff” Audit considerations when performing cost segregation The “must do” asset class for cost seg Setting up a team that can help you mitigate your tax burden Applying cost seg across multiple properties or in a house hacking scenario Erik's first rental property, why it was a disaster, and what he learned from it Micro apartments and opportunity zones as an answer to the affordable housing problem The importance of cost segs in syndication investments Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/220/ to download it. Supporting Resources: Cost Segregation Authority - www.costsegauthority.com CSA Partners on LinkedIn - www.linkedin.com/company/csapartners Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
In this episode of Multifamily AP 360, host Rama Krishna welcomes Erik Oliver from Cost Segregation Authority. Erik, who holds a Bachelor of Applied Science in Accounting, discusses his journey into cost segregation, an advanced method of accelerating depreciation on real estate assets to save on taxes. He explains the concept in detail and its benefits, particularly for real estate investors. Erik also touches upon bonus depreciation, depreciation recapture, and how small investors can benefit from cost segregation. Additionally, he delves into energy credits like 179D and 45L, valuable for those constructing energy-efficient commercial and residential properties. Tune in to learn how to maximize tax savings and boost cash flow through strategic real estate investments. Support the showFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2025 virtual conference - https://mfap360.com/To find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com
Enjoy this conversation about saving taxes through real estate by doing a cost segregation study. Connect with Erik:https://www.linkedin.com/in/erik-oliver-b800657/https://costsegauthority.com/Click to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
Welcome back to The Cashflow Project! Today, we're joined by Erik Oliver from Cost Segregation Authority, diving into how cost segregation can boost cash flow by accelerating depreciation. Erik shares tips for leveraging teamwork, maximizing deductions for short-term rentals, and navigating tax reforms that benefit smaller investors. Discover the importance of hiring specialists and knowledgeable advisors to optimize your investment strategy. Packed with actionable insights, this episode is a must-listen for smarter real estate planning. Let's get started! [00:00] Navigated career changes, found passion in cost segregation. [05:11] Cost segregation identifies asset values for depreciation. [06:35] Time value of money strategy against inflation. [11:02] Senators delayed bill for political reasons. [14:37] Cost segregation demand increases despite fewer transactions. [18:46] Choose a tax advisor, not a preparer. [21:32] Active participation can offset passive rental income. [23:13] Invest for tax savings and property appreciation. [28:33] Stick to strengths; hire experts for tasks. [31:54] Addressing tax liabilities with past acquisitions insights. [32:32] Review us; connect for financial growth opportunities. Connect with Erik Oliver! LinkedIn Website Connect with The Cashflow Project! Website LinkedIn YouTube Facebook Instagram
Amongst the many benefits of owning real estate, the ability to depreciate the assets and show a loss for tax purposes, is unique. With depreciation, and the option to further defer taxes through tax-efficient exchanges, you can compound your money dramatically over time with Real Estate. Erik Oliver, Vice President of Business Development at Cost Segregation Authority, works with tax professionals and Real Estate operators to maximize tax savings through depreciation and cost segregation.
Welcome back to another episode of Passive Income Pilots! In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson are joined by Erik Oliver, Vice President of Cost Segregation Authority, to dive deep into cost segregation. Erik explains how this tax strategy accelerates real estate depreciation, enabling investors to unlock substantial tax savings. He covers key topics like the benefits of reclassifying building components, qualifying short-term rentals for bonus depreciation, and retroactively applying cost segregation to past investments. Whether you're a seasoned investor or new to real estate, this episode offers actionable advice on how cost segregation can transform your tax strategy and maximize your returns.Erik Oliver is the Vice President of Cost Segregation Authority, specializing in helping real estate investors leverage cost segregation to reduce tax liabilities. Erik has guided clients across the U.S. in maximizing tax benefits through accelerated depreciation strategies. His expertise is making complex tax codes understandable and actionable, empowering investors to increase cash flow and build wealth.For more resources, including a FREE cost-seg quote, visit: https://costsegauthority.com/passiveincomepilots Show notes:(0:00) Intro(2:37) Erik's journey into cost segregation(4:07) Understanding depreciation in real estate(7:16) How cost segregation studies accelerate depreciation(9:38) Tax advantages of short-term rentals and cost segregation(15:26) Real-world example: Tax savings from short-term rentals(19:52) Bonus depreciation and its impact on cost segregation(29:30) Retroactively applying cost segregation to past investments(33:19) Questions from the forum(45:53) How to connect with Erik(47:19) OutroConnect with Erik Oliver:Website: https://costsegauthority.com/passiveincomepilots — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
Erik breaks down the complexities of cost segregation, explaining how to strategically allocate deprecation to reduce tax burdens when selling rental properties. Learn why you don't owe back all the deprecation you've taken, how to optimize your tax savings with asset segregation, and the power of cost segregation studies at different stages of property ownership. Whether you're a seasoned investor or new to the game, these expert tips will save you time, money, and headaches. Key takeaways:
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Erik Oliver is the Vice President of National Accounts at Cost Segregation Authority, a national provider of cost segregation services. These services assist building owners in maximizing tax benefits and aid accountants and CPA firms by providing services to their clients who have constructed, bought, expanded, sold, or remodeled depreciable real estate. With a solid accounting background, Erik is a member of the relationship management team, where he educates commercial real estate owners nationwide on tax deductions through specialized depreciation strategies. His practical knowledge and ability to simplify complex tax incentives make him a sought-after speaker at regional and national events. His work helps real estate investors accelerate depreciation, minimize tax liabilities, and optimize wealth building. In this episode… Real estate investors are always looking for strategies to maximize their returns and minimize their tax liabilities. One powerful but often underutilized method is cost segregation, which can significantly accelerate depreciation deductions. But what exactly is cost segregation, and how can it benefit you? According to Erik Oliver, a leading cost segregation expert with a background in accounting, cost segregation is an engineering-based study that reclassifies assets to accelerate depreciation. He highlights that this approach allows property owners to take substantial tax deductions in the early years of ownership, freeing up capital for reinvestment. This method is particularly beneficial in reducing taxable income and enhancing cash flow, thereby offering a strategic advantage for real estate investors. Erik also addresses common misconceptions, emphasizing the importance of detailed studies to avoid leaving money on the table. In this episode of The Same Day Podcast, host Mat Zalk sits down with Erik Oliver, Vice President of National Accounts at Cost Segregation Authority, to discuss maximizing tax savings through cost segregation. They talk about how cost segregation works, its significant tax benefits, and how it fits into broader investment strategies. Erik also addresses common myths and misconceptions and shares practical steps for implementing this strategy to optimize tax savings.
In this episode, we dive deep into the world of cost segregation with Erik Oliver, a seasoned real estate investor and cost segregation expert. Erik brings a wealth of knowledge and experience to the table, helping property owners maximize their tax savings and improve their cash flow through strategic cost segregation studies. Join us as we explore how cost segregation can benefit real estate investors and the key considerations to keep in mind.. Erik Oliver is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Erik Oliver? Reach out at .Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI course at https://www.therealestateinvestingclub.com. #realestateinvesting #passiveincome #realestate Send us a Text Message.Interested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the Show.
The Deal That Changed My Life - Erik Oliver If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777
In this informative episode, host Vinki Loomba welcomes Erik Oliver from Cost Segregation Authority, bringing to the table a wealth of knowledge on tax strategies and cost segregation benefits for real estate investors. Together, they dissect the intricacies of real estate taxes, cost segregation, and effective tax planning strategies that can lead to significant financial success for real estate owners.In this episode, Vinki and Erik explore:✅ An Overview of Real Estate Taxes and Their Impact✅ The Essence and Benefits of Cost Segregation✅ Key Tax Planning Strategies for Real Estate Investors✅ Understanding Opportunity Zones and 1031 Exchanges✅ The Role of Cost Segregation in Maximizing Tax Savings✅ The Dynamics of Bonus Depreciation and Its Phasing Out✅ Strategies for Mitigating Tax Liabilities through Depreciation Recapture✅ Insights into Tax Treatment for Various Types of Properties✅ The Importance of Working with a Real Estate Savvy CPAErik Oliver shares his expert insights on how real estate investors can uncover savings and understand the perks of cost segregation. He sheds light on mastering real estate taxes as a guide to financial success. He emphasizes the importance of adopting a strategic approach to tax planning, leveraging cost segregation studies, and understanding the nuances of bonus depreciation to optimize tax positions.The discussion delves deep into the mechanisms of cost segregation, highlighting its role in accelerating depreciation, the conditions under which it proves most beneficial, and its significance in the broader spectrum of tax planning and financial strategy for commercial real estate owners.Whether you're a seasoned real estate investor or new to the field, this episode offers valuable insights into the world of real estate taxes, cost segregation, and strategic tax planning to enhance your financial success and portfolio growth.Contact Erik Oliver -https://www.linkedin.com/in/erik-oliver-b800657/▶️ Show Your Love:If you found this episode valuable, we'd greatly appreciate your support! Leave us a five-star rating, and share your thoughts in the comments. Don't forget to like, share, and subscribe to ensure you never miss an episode of The Real Estate Vibe podcast.Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvesthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting
This was a fire episode with Erik from costsegauthority.com with the most insight we have ever heard about cost segregation studies. How they work? Who needs them? and How to use them asap for tax dollar savings. If you enjoyed this podcast we would appreciate a positive review... https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777
As real estate investors, we are always looking for ways to save on our yearly IRS tax bill, and cost segregation is one of the most powerful methods available to us. Today we have Erik Oliver from Cost Segregation Authority on the show. Erik will be explaining how you can leverage cost segregation to save on your taxes, as well as energy credits that you need to be aware of. The concepts Erik explains in this episode are very powerful and will save you money. Find out more: https://costsegauthority.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com
Erik Oliver is based in Salt Lake City where he specializes in Cost Segregation. On today's show we are talking about how to handle the uncertainty of changing legislation in the realm of depreciation. To connect with Erik and to learn more visit costsegauthority.com --------- Host: Victor Menasce email: podcast@victorjm.com
I'm excited to introduce today's guest, Erik Oliver. Many of you may already be familiar with Erik from his knowledgeable presentations on cost segregation at industry events. As the head of Channel Partnerships at Cost Segregation Authority, Erik is passionate about educating both investors and tax professionals on utilizing this important strategy. We're lucky to have Erik's expertise on the show to provide some real-world examples of how cost segregation can make a big difference for real estate portfolios. This episode provides a deep dive into cost segregation strategies for real estate investors with Eric Oliver from Cost Segregation Authority. Eric shares his background and how he got involved in the industry, emphasizing the importance of educating investors on this tax-saving strategy. Eric explains the process of conducting engineering-based cost segregation studies and how it allows investors to accelerate depreciation deductions. He and Rory discuss how bonus depreciation makes this strategy applicable to smaller properties. Eric also highlights the "short term rental loophole" and how it can help passive investors. Throughout, Eric provides actionable insights while Jason shares his experience as a client. Whether you're an experienced investor or just learning, this episode is full of practical tax strategies you'll want to explore. Things we discussed in this episode: - Eric Oliver's background and how he got involved in cost segregation. - Jason learned about cost segregation from Eric at a conference. - How cost segregation studies work and accelerate depreciation deductions. - Changes to bonus depreciation under the Tax Cuts and Jobs Act. - Impact of bonus depreciation on real estate investors. - Conducting virtual cost segregation studies during COVID-19. - Documentation requirements for cost segregation studies. - Jason and Rory's experience with a cost segregation study. - The "short-term rental loophole" tax strategy. - Finding one's passion and avoiding costly mistakes in real estate. Get in touch with Erik: Website - https://costsegauthority.com/ Email - erik@costsegauthority.com Linkedin - https://www.linkedin.com/in/erik-oliver-b800657 Join Jason Muth of Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #CostSegregation #RealEstateTaxStrategies #DepreciationDeductions #BonusDepreciation #TaxSavings #VirtualTaxServices #IRSCompliance #ShortTermRentalInvesting #FindingYourPassion #LearningFromMistakes Follow us! Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. The Real Estate Law Podcast on Instagram and YouTube NextHome Titletown Real Estate on Facebook and LinkedIn Straightforward Short-Term Rentals on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Hospitality.FM The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
Ever questioned if there's a way to keep more of your hard-earned money while building a robust investment portfolio? Cost Segregation might be the one for you. In essence, it's about putting your money to work for you, redirecting funds that would have gone to taxes back into your investments.In this episode, Tim and Paul, alongside Erik Oliver, the Vice President of Channel Partnerships of Cost Segregation Authority and a Cost Segregation Expert, discuss strategies for maximizing real estate tax benefits. They suggest leveraging cost segregation studies to accelerate depreciation deductions, emphasizing the importance of front-loading depreciation for immediate tax savings. The conversation delves into bonus depreciation, a powerful concept that can significantly enhance depreciation benefits, and the impact of the Tax Cuts and Jobs Act of 2017 on real estate investors, emphasizing the potential for substantial tax savings through cost segregation and bonus depreciation strategies.Leave a positive rating and review of this podcast with just one clickWHAT TO LISTEN FOR2:24 Cost Segregation Study6:02 The Benefits Of Child Tax Credits And Bonus Depreciation Passing As A Bill26:48 Erik's Process Of How Cost Segregation Works34:41 Erik's Thoughts on Famous Quotes and OpinionsRESOURCES/LINKS MENTIONEDTax-Free Wealth by Tom WheelwrightCost Segregation AuthorityRich Dad Poor Dad by Robert KiyosakiRich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert KiyosakiCONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Facebook | Instagram | LinkedIn | Email Greg | Email Tim
Cost segregation is an overlooked tax planning tool that gives real estate investors the chance to accelerate depreciation on their investment properties. On today's episode, Karly Iacono, SVP at CBRE, and Erik Oliver, VP at Cost Segregation Authority, discuss when and how to use cost segregation to reduce tax liability in tandem with your CPA. Erik also highlights legislative changes to the US tax code that all savvy investors should be aware of. Watch. Learn. Excel. Connect with Erik! Email: erik@costsegauthority.com Phone: 385-853-7014 www.costsegauthority.com Karly Iacono | Senior Vice President CBRE Investment Properties O (201) 712-5612 | M (201) 600-3237 karly.iacono@cbre.com Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal, defeasance or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders.
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
Here is our reflective recap journey through 2023, highlighting remarkable guests, best moments and invaluable insights. 79. Roth Conversion Secrets: Maximizing Your Retirement Savings feat. Craig Wear https://www.thebillionairepodcast.com/79 91. How to Build Your Own Virtual Family Office feat. Jim Dew https://www.thebillionairepodcast.com/91 89. Oil & Gas Masterclass: How to Evaluate Energy Investments - Part 1 https://www.thebillionairepodcast.com/89 90. Oil & Gas Masterclass: How to Evaluate Energy Investments - Part 2 https://www.thebillionairepodcast.com/90 134. Advanced Tax Saving Strategies feat. Keystone CPA https://www.thebillionairepodcast.com/134 133. Overview of Real Estate & Economic Updates feat. John Chang https://www.thebillionairepodcast.com/133 65. Real Estate Tax Shelters for Passive Investors feat. Erik Oliver https://www.thebillionairepodcast.com/65 95. Passive Investor Spotlight #9: Becoming a Lifestyle Investor feat. Justin Donald https://www.thebillionairepodcast.com/95 131. Investing Like the Ultra Wealthy Ft. Tiger 21 Founder Michael Sonnenfeldt https://www.thebillionairepodcast.com/131 106. State of the Multifamily Market: Rents, Supply, Markets & More feat. Jay Parsons https://www.thebillionairepodcast.com/106 Suggest a guest, topic, or simply ask anything https://www.thebillionairepodcast.com/p/ask-anything/ Connect with Ben Fraser on LinkedIn https://www.linkedin.com/in/benwfraser/ Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Get started and download your free economic report today at https://aspenfunds.us/report Join the Investor Club to get early access to exclusive deals. https://www.aspenfunds.us/investorclub Subscribe on your favorite podcast app, so you never miss an episode. https://www.thebillionairepodcast.com/subscribe
What is cost segregation, and how can it help real estate investors maximize tax savings? This episode digs into the powerful tax strategy of cost segregation. Eric Oliver from Cost Segregation Authority joins host Taylor Loht to explain what cost segregation is, how it works, and why every real estate investor should understand and utilize this tool. They discuss the tax advantages of cost segregation for real estate investors. Eric provides an overview of cost segregation, explaining that it allows investors to accelerate depreciation deductions by segregating building costs into shorter asset lives. They discuss bonus depreciation, how it puts cost segregation “on steroids,” and how the percentage is reducing but still favorable for investors. Eric clarifies that cost segregation deductions are passive losses that typically can only offset passive income. Eric emphasizes the importance of working with a qualified tax strategist rather than just a preparer. [00:01-4:30] Opening Segment Cost segregation accelerates depreciation by segregating assets into shorter tax lives Allows writing off deductions faster versus straight-line depreciation Identifies items like flooring and appliances that can depreciate faster [4:31-9:00] The Power of Bonus Depreciation Bonus depreciation allows taking a larger deduction upfront Allows immediate 100% write-off on assets under 20 years life Phases down over the next few years but still beneficial [9:01-15:30] Passive vs. Active Losses Cost segregation deductions are usually passive losses Can only offset passive income without special status Real estate professionals can deduct against active income [15:31-23:00] Not All Studies Created Equal Online calculators don't follow IRS guidelines Conservative estimates leave tax savings on table Engineering-based studies with site visit better [23:01-31:30] Tax Strategist vs. Preparer Tax preparers just file based on the given information Tax strategists proactively minimize your tax liability Meeting at least quarterly ensures maximizing deductions Quotes: "Cost segregation really is just accelerated depreciation on your real estate assets." - Eric Oliver "Bonus depreciation puts cost segregation on steroids and creates a bigger deduction in the first year." - Eric Oliver Connect with Eric: Website: www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!
How can real estate investors maximize tax deductions through cost segregation? In this information-packed episode, Erik Oliver from costsegauthority.com shares his deep expertise on cost segregation and how real estate investors can use it to accelerate depreciation deductions. You'll learn the basics of cost segregation, what types of properties it can benefit, how it impacts different holding periods, and key factors that determine the size of the deduction. Discover how cost segregation studies on lower-value properties can still make sense in today's tax environment. Plus, find out which specialized asset classes are uniquely suited for generating big tax deductions. Whether you're just diving into real estate investing or have been doing it for decades, this episode will open your eyes to creative tax strategies you may be missing out on. Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. [00:00 - 05:00] Opening Segment Cost segregation allows you to accelerate depreciation deductions by reclassifying assets into shorter recovery periods. Take deductions at a higher ordinary income tax rate now and recapture some of it later at a lower capital gains rate. Bonus depreciation enhances the tax benefit for qualifying assets. [00:05 - 10:30] Factors That Determine Cost Segregation Benefit A longer holding period means a larger overall benefit due to time value of money. Properties over $500k can benefit from “rate arbitrage” even with a short hold. Inflation lowers the real cost of recapture in the future. [10:30 - 16:00] Special Asset Classes Like Medical Offices Medical offices have lots of qualifying specialized equipment. Items like dental chairs can cost $50k - $100k each and can be used for cost segregation. [16:00 - 21:30] Unique Tax Treatment for Car Washes and Gas Stations Car washes are mostly equipment and land improvements that qualify for bonus depreciation. Gas stations may qualify as 15-year properties if gas sales exceed convenience store sales. These asset classes can generate larger deductions. Quotes: "If you've got a property with a depreciable basis of $200k or greater, it's definitely worth at least having somebody run some initial numbers." - Erik Oliver "I want my deductions now because typically inflation goes up...a dollar today is worth way less than a dollar 20 years ago." - Erik Oliver Connect with Oliver: LinkedIn Website: www.costsegauthority.com Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
EPISODE SUMMARY: Unlock the mysteries of cost segregation and discover how it can boost your bottom line in our enlightening conversation with Erik Oliver from the Cost Segregation Authority. You'll gain a new perspective on how cost segregation can help real estate investors save on taxes. Erik, with his extensive accounting and sales background, will guide you through the intricate labyrinth of cost segregation and its importance in the real estate sector. See how CPAs can leverage this to specialize and offer more value to their clients. We'll also dig deeper into the 179D, the 45L, and other tax optimization strategies that can supercharge your current real estate portfolio. ERIK'S BIO: Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. GET IN TOUCH WITH ERIK: www.costsegauthority.com EPISODE CHAPTERS: (0:00:01) - Optimizing Real Estate Portfolio Erik and I discuss cost segregation, 179D, 45L, CPAs, and how it can save money. (0:11:07) - CARES Act and Tax Cuts Impact The CARES Act, Tax Cuts and Jobs Act, and bonus depreciation allow for 100% bonus depreciation of five-year assets in existing foreplexes. (0:21:41) - Deductions for Energy Efficient Real Estate The 179D and 45L tax deductions and credits can result in major savings for real estate developers since 2005, with additional benefits from the CARES Act and Tax Cuts and Jobs Act. For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal
Could your older multifamily buildings be hiding tax savings opportunities through cost segregation? Many investors miss out on maximizing depreciation deductions on their vintage rentals. Angel Williams interviews Erik Oliver, a cost segregation expert, to uncover everything real estate investors need to know about this overlooked tax strategy. Erik unlocks this powerful tax benefit, yet many investors are still unaware of it. Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. [00:00-02:00]: Opening Segment In cost segregation, specialized plumbing can get 5-year life Includes laundry drainage, equipment testing lines Accelerates tax deductions when doing cost segregation [02:00-06:00]: Electrical Systems Tied to Short-Term Assets Electrical for short-term assets gets 5-year life Includes disposal, appliance, server room electrical More accelerated depreciation when doing cost segregation [06:00-12:00]: HVAC Systems That Enable Operations HVAC for operations is 5-year property Includes cooling honey, meat processing rooms How it accelerates tax deductions when doing cost segregation [12:00-19:00]: Land Improvements Land improvements are 15-year property Includes roads, irrigation, drainage This applies to farms too [19:00-End]: Closing Segment New improvements bring new depreciation Replacing carpets, appliances, etc., brings new tax deductions How benefits continue over the building lifespan Quotes: "Cost segregation really is just accelerated depreciation on your real estate assets." - Erik Oliver Connect with Oliver: LinkedIn Website: www.costsegauthority.com Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
What if you could accelerate the depreciation deductions on your real estate investments and reduce your tax bill? Angel Williams interviews Erik Oliver, a cost segregation expert, to uncover everything real estate investors need to know about this overlooked tax strategy. Erik unlocks this powerful tax benefit, yet many investors are still unaware of it. Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. [00:00-06:00]: Opening Segment Why cost segregation accelerates depreciation deductions on your real estate Cost segregation reclassifies assets into shorter depreciation schedules (5, 7, 15 years) How it benefit all real estate investors today, not just large commercial [06:00-12:00]: The Power of Bonus Depreciation Bonus depreciation allows immediate deduction of reclassified assets Results in large deductions in Year 1 How expanded cost segregation benefits to smaller residential investors [12:00-19:00]: Cost Segregating In Different Asset Classes Multifamily can reclassify up to 35% into shorter lives Farms benefit from segregating land improvements The big value in exterior assets (parking lots, drainage) Quotes: "Typically, when you've got an asset, let's call it a farm, and I've owned it for years...I die. I pass that farm to my son. My son will get a step up in basis to fair market value at the time of my death" - Erik Oliver "I may not own my building for 39 years. I mean, hell, the way I eat, according to my wife, I'm not going to be around in 39 years." - Erik Oliver Connect with Oliver: LinkedIn Website: www.costsegauthority.com Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
With us today is Erik Oliver, Vice President of Business Development at the Cost Segregation Authority, a Salt Lake City-based firm. The U.S. tax code has a number of specific provisions that relate to the needs of the commercial real estate investment community and cost segregation is one way to ensure that investors are reaping the tax advantages available for their properties. Erik is an expert in this area and we had a good time discussing how investors can take advantage of cost segregation strategies.
Dealing with things like depreciation, tax deductions, and cost segregation, can feel overwhelming and inaccessible as a first-time real estate investor, but it doesn't need to be. Today on the show we chat with Erik Oliver, a Cost Segregation Expert and Regional Manager with Cost Segregation Authority, a company that specializes in Cost Segregation studies. We talk with Erik about how he pivoted to pursue this area of real estate and why he finds so much satisfaction in helping people save on their taxes. Tuning in you'll hear Erik break down the role of depreciation in real estate, the mechanics of how it works, and how you can capitalize on it under the current tax laws. We also discuss when you can implement a cost segregation study based on the value of your property as well as other elements of your investments. Erik shares his advice for anyone looking to make a career change, as well as insights into how he maintains momentum in his work while raising young kids and making time to spend with his family. We had a great conversation with Erik, and if you're interested in learning more about cost segregation, depreciation, and tax deductions, make sure you tune in today!Key Points From This Episode:Introducing today's guest Erik Oliver a Cost Segregation Expert and Regional Manager with the company, Cost Segregation Authority.An overview of the Tax Cuts and Jobs Act and how that relates to cost segregation.Some of the motivations behind the Tax Cuts and Jobs Act.The standard depreciation that accumulates when you buy a building.The benefits of depreciation and why it doesn't apply to land.A breakdown of cost segregation and the role it plays in depreciation.How cost segregation can accelerate depreciation.The IRS approved guidelines that cost segregation experts use in their processes.The difference between how personal property and real estate depreciates.The different approaches companies can take to evaluate a property's worth.How a lookback study allows you to reevaluate the value of your property and incorporate a cost segregation study years after you acquired it.Insights on when to implement a cost segregation study depending on the value of your property and other aspects of your investments.A breakdown of what bonus depreciation means and how it relates to cost segregation.Erik's advice to listeners who are considering a significant career change, particularly towards real estate.What Erik does to maintain a balance between the momentum in his career and having a family and young kids at home. Links Mentioned in Today's Episode:Cost Segregation AuthorityErik Oliver on LinkedinLimitless EstatesPassive Income Through Multifamily Real Estate Facebook Group
Supercharge Your Cash Flow with Erik Oliver: The Cost Segregation Mastermind Unveils How Commercial Building Owners Pocket Thousands TODAY! Cost Segregation is used by commercial building owners to increase cash flow by accelerating depreciation. Depending on the type of building, there can be anywhere from 20 to 35% and sometimes more of the depreciable basis that can accelerated, translating into tens of thousands if not hundreds of thousands of dollars in current year tax savings. Consider the value of having and being able to use those tax dollars today vs. spreading them out over 27.5 or 39 years. Cost Segregation can be used at pretty much anytime during the cycle of building ownership, including new construction, current acquisitions, previous acquisitions going back as much as ten or fifteen years, large improvement projects, following a step in basis from a change of ownership or estate transfer, and sometimes even at disposition to offset some of a capital gain. Cost Segregation is an engineering-based analysis of a building's interior, exterior and land improvements in order to identify, measure and quantify assets that are considered personal property or land improvements under the federal tax code. Those assets are then re-classifying in order to accelerate their depreciation.
Target Market Insights: Multifamily Real Estate Marketing Tips
Erik Oliver is the vice president of business development at Cost Segregation Authority, which performs cost segregation studies to help investors save tax dollars. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. In this episode with Erik, explore the realm of cost segregation, a powerful financial strategy that uncovers hidden opportunities within real estate investments. Learn about the process of reclassifying property components to accelerate depreciation deductions and maximize tax savings. Discover the benefits of cost segregation, including enhanced cash flow and reduced recapture. Gain insights into partial asset dispositions, professional trainings for CPAs, EAs, and agents, and the distinction between tax strategists and tax preparers. Lastly, uncover the underutilized 45l energy credits and their potential impact on real estate ventures. Prepare to elevate your investment approach and optimize financial outcomes with cost segregation. Announcement: Join our Apartment Investing Mastermind Unleashing the Potential of Cost Segregation 00:00 Opening segment; 03:32 What's cost segregation; 05:08 How a cost segregation study works; 07:35 Why cost segregation; 10:12 Partial asset dispositions ~ Cost segregation; 18:43 CPA, EA and Agent trainings; 21:34 Tax Strategist vs. Tax Preparer 25:18 How recapture can reduces with a cost segregation study 28:58 45l energy credits - The most under utilized credit in real estate Announcement: Download Our Sample Deal and Join Our Mailing List 29:15 Round of Insights Apparent Failure: Knowing what he is good at and what he is not good at. Digital Resource: Repstracker Most Recommended Book: Tax Free Wealth Daily Habit: Writing things down #1 Insight for Cost Segregation: Don't just look at the cost of the study but look at the estimated benefits are going to be.. Best Place to Grab a Bite to Eat in Salt Lake City: Santo Taco Contact Erik: To learn more go to costsegauthority.com. Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
Did you know that there's a game-changing tax planning strategy for your real estate assets? In this episode, Erik Oliver reveals the ABCs of cost segregation studies and how they can help you access tax burden reduction and long-term wealth generation through your investments. Become a wise and well-informed investor by dialing in! Key takeaways to listen for Cost segregation study: What it is and how it works Who is eligible for cost segregation? 2 types of tax incentives for energy-efficient properties and their qualification process The relationship between cost segregation study and depreciation recapture tax Requirements for Cost Segregation Authority's free analysis Resources mentioned in this episode If you want a FREE top-notch tax-saving analysis, visit https://costsegauthority.com/. Maximize the depreciation deductions and minimize the tax liabilities of your real estate assets today! About Erik Oliver Erik Oliver is the vice president of business development at Cost Segregation Authority, which performs cost segregation studies to help investors save tax dollars. His portfolio includes short-term and long-term rentals. He's also a passive investor in Salt Lake City area micro apartments. Erik has a degree in accounting and has worked with CPAs nationwide for the past seven years to help accelerate real estate investment deductions, helping save investors money on taxes. Before joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining the Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He is passionate about identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Connect with Erik Website: Cost Segregation Authority LinkedIn: Erik Oliver Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com. Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr The Naked Truth About Real Estate Investing on Spotify
If you need financial relief to invest in properties despite the high costs, then delve deep into this episode with Erik Oliver as he uncovers the power of cost segregation and how this technique can help you save substantial tax dollars, accelerate depreciation deductions, and boost your investment potential. Hop in to keep more money in your pocket today! Topics on Today's Episode Cost segregation: What is it, and how it works? A comprehensive guide to bonus depreciation on your properties Benefits of doing a cost segregation study on your assets How to avoid depreciation recapture The importance of hiring a tax accountant for your real estate business Resources/Links mentioned IRS Tax-Free Wealth by Tom Wheelwright | Kindle and Paperback Looking for a first-class cost segregation study? Submit the form by visiting https://costsegauthority.com/contact-us/ and get a tax-saving analysis free of charge! About Erik Oliver Erik holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, he was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Connect with Erik Website: Cost Segregation Authority Phone Number: (602) 568 - 0032 Are you ready to experience the cash flow life? Just text “BOOK” to (480) 500-1127 to get a FREE copy of Corey's book, Copy Your Way to Success, and learn how apartment investing can change your life today! Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard, please leave a review on iTunes.
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Get in touch with Erik: www.costsegauthority.com For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal
Erik Oliver is the vice president of business development at Cost Segregation Authority, which performs cost segregation studies to help investors save tax dollars. In this episode, Erik explains exactly what cost segregation is, why it's becoming more prevalent in the commercial real estate industry, and some of the misconceptions surrounding it. Erik Oliver | Real Estate Background Vice President of Business Development at Cost Segregation Authority Portfolio: A few short-term rentals A few long-term rentals Passive investor in Salt Lake City micro apartments Based in: Salt Lake City, UT Say hi to him at: costsegauthority.com LinkedIn Click here to learn more about our sponsors: MFIN CON
Level up your tax planning approach with Erik Oliver as we take a closer look at how cost segregation impacts your tax liabilities. Join us to discover the relevance of hiring a skilled team and a CPA to offset your income effectively. Start visualizing how you can apply these strategies by tuning in! WHAT YOU'LL LEARN FROM THIS EPISODE How cost segregation deters your tax liabilities A tax law update and what are factors to consider in applying tax strategies Various ways and importance of off-setting your active income What makes real estate investing profitably advantageous today Financial planning mistakes investors should be aware of and ways to fix them RESOURCES/LINKS MENTIONED TITLE 26–INTERNAL REVENUE CODE Tax-Free Wealth by Tom Wheelwright | Kindle, Paperback, and Spiral-Bound ABOUT ERIK OLIVER Erik is an expert in the field of cost segregation with a degree in Bachelor of Applied Science in Accounting from Westminster College. As the vice president of business development in the Cost Segregation Authority, he handles an engineering-based analysis of a building's interior, exterior, and land improvements to identify, measure and quantify assets that are considered personal property or land improvements under the federal tax code where assets are reclassified to accelerate depreciation. CONNECT WITH ERIK Website: Cost Segregation Authority Contact Number: 602-568-0032 Email: erik@costsegauthority.com CONNECT WITH US Email: shawn@greenbriarcg.com Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow
Today Jonny is joined by Cost Segregation Expert and the Vice President of Business Development of Cost Segregation Authority, LLC, Erik Oliver.They discuss:1. What is cost segregation?2. Bonus depreciation3. Things to know about having a cost segregationErik Oliver has been with the Cost Segregation Authority for 5 years helping real estate investors save millions of tax dollars. Erik often speaks at local, regional, and national events on cost segregation and other tax-saving strategies. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.Learn more about Erik:Website: https://costsegauthority.com/Email: erik@costsegauthority.comPhone: 602-568-0032Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1
Tax time is right around the corner. Whether you're an entrepreneur, a high earner or a hobbyist investor, there are opportunities to save some money on your tax bill. Especially with some of the updates to the tax code that were introduced in recent years. Here to walk you through how to do it is my friend Erik Oliver. He's a cost segregation expert at the Cost Segregation Authority, where he digs into tax codes and how to make them work for you. In today's episode, we dive into the major tax changes signed into law during the Trump administration, how to make the most of depreciation regardless of your investing style, and how Erik used these strategies himself to turn a $50,000 tax bill into a $140,000 deduction–and add a new property to his portfolio along the way! Key Takeaways with Erik Oliver Why W-2 earners are investing in short-term rentals to offset their income. How cost segregation can save clients tens of thousands of dollars in taxes for both residential and commercial investors. How bonus depreciation works and the different ways you can use it in your business. How Erik conquered his fears and dove headfirst into real estate after getting burned on his first rental property. The difference between a tax advisor and a tax preparer–and why you want the former, not the latter. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/349 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
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Are you a real estate broker, building owner, or CPA? Do you want to reduce your tax liability through cost segregation? Joining us in this episode is Erik Oliver, a graduate with a Bachelor's Science Degree in Applied Science in Accounting, previously an operations manager for a landscaping design firm at Long Island, and is currently the Vice President of Business Development at Cost Segregation Authority. Erik's here to help out with understanding what “Cost Segregation” is and why it's so beneficial. Take a listen and see for yourself how cost segregation could be beneficial for you, depreciation, the process of cost segregation, and more. What You'll Learn From This Episode: Introduction to Erik Oliver Cost Segregation breakdown Discussing depreciation What the Consolidated Appropriations Act is Erik's advice for beginning investors Factoring in tax benefits of property So what are you waiting for? It's time to get out there and start crushing it in the real estate investing world now! Connect with Erik Oliver@: Email:erik@costsegauthority.com Website: https://costsegauthority.com/ Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: corwyn@corwynmelette.com --- Support this podcast: https://anchor.fm/corwyn-j-melette/support
In this #Highlights episode, we look back at our conversations with Frank Giudici of Bedford Cost Segregation team and Erik Oliver of Cost Segregation Authority. You'll hear from Frank all about how to avoid throwing money into the dumpster, what his team at Bedford Segregation specializes in, what the IRS is looking for, and how you can save on tax, as well as the five key factors that need to be met, and so much more!Erik will discuss in detail which asset class can benefit much from cost segregation and how it works. He will also talk about the effect of tax changes that are going to take place and how you can use cost segregation to manage your tax brackets to save significantly.Key Points From This Episode: What are partial asset dispositions?What does the Bedford Segregation team specializes in?The three key fiscal benefits of educating yourself and being aware of this opportunity: loss, removal or demolition cost, and ghost assets.What the IRS is looking for and what you'll be taxed on: the depreciation recapture tax.Why it is important that you reconcile your original starting depreciable basis.The relationship between the segregation team and the client's CPA.How cost segregation accelerates your depreciation deductions.Three things significantly drive down the cost of the segregation study: education, bonus depreciation, and technology.How do you select a good cost segregation provider?Tweetables:“Your cost segregation provider needs to be your resource partner and he or she needs to make sure that they set you up correctly from the beginning.” — Frank Giudici “By doing a cost segregation study, it allows you to allocate the sales price to the right buckets.” — Erik OliverLinks Mentioned in Today's Episode:Frank Giudici on LinkedInFrank Giudici EmailBedford Cost Segregation Frank Giudici on Episode 882Erik Oliver on LinkedInCost Segregation Authority websiteErik Oliver's emailErik Oliver on Episode 1053About Frank Giudici Frank Giudici is a Business Development Director on the Source Advisors Team. He is instrumental in fostering relationships with people who can take advantage of the value-adds that the Source Advisors team provides and constantly seeks to educate those on the subject matters of cost segregation, energy-efficiency and R&D. Prior to joining Source Advisors, Frank received his Bachelor's Degree in Civil Engineering from Worcester Polytechnic Institute (WPI) and then spent 13-years in the Construction Management industry working throughout the Northeast on a variety of construction projects in several roles. About Erik OliverErik Oliver has been with the Cost Segregation Authority for 5 years helping real estate investors save millions of tax dollars. Erik speaks often at local, regional, and national events on cost segregation and other tax-saving strategies. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.
Pay fewer taxes to the government! We have Erik Oliver on the show to discuss cost segregation, a tax tool that creates cash flow. ALL real estate investors should be taking advantage of the tax code. As business owners, the government incentivizes us to do certain behaviors and rewards us with tax deductions. If you own investment properties, cost segregation helps you to frontload deductions sooner to reduce taxable income, thus saving you thousands each year. Sound good? Hit play, NOW! Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating real estate investors on the benefits of cost segregation. costsegauthority.com erik@costsegauthority.com To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.
Welcome To The Real Estate Underground Show #52! Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Before joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He is passionate about identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. What you'll learn about in this episode: Is cost segregation a form of accelerated depreciation that allows investors to take deductions from their real estate investments faster? Why did passing the Tax Cuts and Jobs Act in 2017/2018, bonus appreciation make cost segregation more favorable to all investors regardless of size or value - even single-family rental properties? Why do building owners need to hire someone knowledgeable about construction and tax law for better results? Why does the cost segregation study for their 2022 taxes begins with an initial benefit analysis and then require a site visit (either in person or virtually)? At what point does it make sense to engage you on new construction projects? Is it while the walls are still open, or do you need to look at a finished product? Resources: Website: www.costsegauthority.com Email: erik@costsegauthority.com Additional Resources: Website: www.clarkst.com Phone: (860) 675-5800 Facebook: www.facebook.com/ClarkStCapital Instagram: www.instagram.com/clarkstcapital Twitter: https://twitter.com/clarkstcapital1 LinkedIn: www.linkedin.com/company/clark-st-capital
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
Every investor knows there are amazing tax benefits to directly owning real estate. And one of those tools to amplify the benefits is cost segregation. In this week's episode, co-hosts Ben Fraser & Jim Maffuccio talk with cost segregation expert Erik Oliver to learn about how these tax benefits impact passive investors. They also explore the "lazy man's" 1031 exchanges, what changes are happening in 2023 with bonus depreciation, and what asset classes provide the best tax sheltering. Don't miss this episode! Get started and download your free economic report today at https://aspenfunds.us/report Read the full transcription https://aspenfunds.us/podcast/real-estate-tax-shelters-for-passive-investors-feat-erik-oliver/ Connect with Erik Oliver on Linkedin - https://www.linkedin.com/in/erik-oliver-b800657/ Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Learn More about Aspen Funds. https://www.aspenfunds.us Join the Investor Club to get early access to exclusive deals. https://www.aspenfunds.us/investorclub Subscribe on your favorite podcast app, so you never miss an episode. https://www.thebillionairepodcast.com/follow Rate us! We really appreciate your feedback and support. https://www.thebillionairepodcast.com/reviews/new/ Ask Anything! We'd love to hear what's Top of Mind. https://www.thebillionairepodcast.com/contact
Erik Oliver is a cost segregation expert and helps saving tax dollars for Real Estate Investors Nationwide. Cost Segregation is used by commercial building owners to increase cash flow by accelerating depreciation. Depending on the type of building, there can be anywhere from 20 to 35% and sometimes more of the depreciable basis that can accelerated, translating into tens of thousands if not hundreds of thousands of dollars in current year tax savings. Consider the value of having and being able to use those tax dollars today vs. spreading them out over 27.5 or 39 years. Cost Segregation can be used at pretty much anytime during the cycle of building ownership, including new construction, current acquisitions, previous acquisitions going back as much as ten or fifteen years, large improvement projects, following a step in basis from a change of ownership or estate transfer, and sometimes even at disposition to offset some of a capital gain. Cost Segregation is an engineering-based analysis of a building's interior, exterior and land improvements in order to identify, measure and quantify assets that are considered personal property or land improvements under the federal tax code. Those assets are then re-classifying in order to accelerate their depreciation.Cost Segregation is used by commercial building owners to increase cash flow by accelerating depreciation. Depending on the type of building, there can be anywhere from 20 to 35% and sometimes more of the depreciable basis that can accelerated, translating into tens of thousands if not hundreds of thousands of dollars in current year tax savings. Consider the value of having and being able to use those tax dollars today vs. spreading them out over 27.5 or 39 years. Cost Segregation can be used at pretty much anytime during the cycle of building ownership, including new construction, current acquisitions, previous acquisitions going back as much as ten or fifteen years, large improvement projects, following a step in basis from a change of ownership or estate transfer, and sometimes even at disposition to offset some of a capital gain. Cost Segregation is an engineering-based analysis of a building's interior, exterior and land improvements in order to identify, measure and quantify assets that are considered personal property or land improvements under the federal tax code. Those assets are then re-classifying in order to accelerate their depreciation. Get in touch with Erik: https://www.linkedin.com/in/erik-oliver-b800657/ If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss cost segregation & its benefits with special guest Erik Oliver from Cost Segregation Authority. Time Stamps: 0:00 - Introduction 0:44 - Erik's background 1:41 - What is a cost segregation study? 4:02 - What is the average depreciation schedule when using a cost segregation study? 5:20 - What is the time frame & cost expected for hiring a cost-deduction specialist? 6:24 - Can you do a cost segregation analysis in your 3rd & 4th year? 8:25 - Can an individual try to do a cost segregation on their own? 12:11 - Energy credit savings! 15:43 - The relationship between CPA's and cost segregation specialists 17:50 - Best way to get in touch with Erik? Visit www.costsegauthority.com ! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
Erik Oliver. Erik is a cost segregation specialist. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Learn More About Erik Here: Cost Segregation Authority - https://costsegauthority.com/ Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 15 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/
You can watch this episode on Youtube.com: https://youtu.be/KZWEb2iXAH4 Cost Segregation Analysis Studies are an important part of investors' tax strategy for depreciation. If it's a commercial building, you can take 39 years of depreciation. If it's a residential structure, you're able to depreciate for 27 and a half years. But does your carpet last for 27 and a half years? No, it depreciates faster. You can depreciate different elements of the structure at different rates (5 years, 7 years, 15 years), but you have to have a study to make sure you're doing it right. Join us with our guest, Erik Oliver from Cost Segregation Authority, as we dive deep into the different aspects of Cost Segregation Analysis! 0:00 - Introduction 1:47 - Define Cost Segregation Analysis. Taking depreciation in different chunks at an accelerated pace. Why is it important? Cost value of money, inflation, and tax strategy. 4:23 - What happens when you sell? You pay two types of taxes: 1) capital gains and 2) depreciation recapture. Take your deduction at a higher rate, then pay your taxes at a reduced rate on a future date. How do they come up with the numbers? 12:05 - It doesn't work on EVERY property. 16:05 - Bonus Depreciation. Bonus depreciation means you can get 100% of your depreciation right in the first year...until the end of 2022. 18:50 - Put it "In Service". You can take depreciation if the property is "in service" according to the IRS. 23:15 - An Airbnb Example. Use the tax savings as the down payment. Cost segregation does NOT generate audits. 29:28 - What'd we learn today? 34:43 - Outtakes * No IRS agents were harmed in the making of this video. Please contact us to tell us you love us, you want to hire us! Call or text: Special Thanks to our guest: Erik Oliver, Regional Manager Cost Segregation Analysis 1-800-940-3115 info@costsegauthority.com Realtors with Hive Collective at Presidio Real Estate: Tyler Cazier: 801-210-0230 Aric Wiszt: 801-228-7687 Lender with Elite Team at Security Home Mortgage: NMLS: 178787 Jason Christiansen: 801-669-7271 NMLS: 240472 A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
“The whole idea behind Cost Segregation is to take your deduction today at the highest rate at my ordinary income rate.” Business owners, particularly real estate owners, pay a staggering amount of taxes. In this episode, cost segregation specialist Erik Oliver will explain how the method can improve cash flow, enable realtors to take advantage of accelerated depreciation discounts, and more. You'll be able to save millions of dollars in taxes.
Erik Oliver has a degree in accounting and has been working with CPAs across the country for the past seven years to help accelerate real estate investment deductions, helping to save investors money on taxes. Cost segregation is accelerated depreciation, helping real estate investors take depreciation deductions against their incomes, by segregating various costs in real estate investment – such as carpets or tile – and front loading these deductions in the early years of an investment, rather than spreading it out across a 15 or 30 year period. The government incentivizes this to help stimulate the economy and the Tax and Jobs Act of 2018 increased depreciation deductions to 100% through December 2022. Join Erik Oliver and Host Dan Lesniak as they discuss… ∙ What cost segregation is and how to take advantage of the deductions against your income ∙ How the Tax and Jobs Cut Act of 2018 increased depreciation deductions to 100% through December 2022 and why you should act now before the year is over. ∙ Why you should pay for a tax strategist – and not just a tax preparer – to strategize on reducing your tax bill ∙ What cost segregation is and how to take advantage of the deductions against your income QUOTES TO SHARE
Join Daniel Nickles with his guest Erik Oliver as we discuss how cost segregation frees up your liquidity and improve cash flow as a real estate investor. As the cost segregation expert that he is, Erik gives us a detailed overview of what cost segregation could mean for anyone investing in real estate. In his own simple terms, cost segregation is basically just your property's appreciation on high speed. Erik explains what cost segregation means, what bonus depreciation is in relation to cost segregation, and the basics of cost segregation for newly closed deals. In this episode you will learn: Cost segregation increases the benefits you get by owning real estate Bonus depreciation is cost segregation on steroids You don't have to do cost segregation right after buying a property The documents necessary for cost segregation What questions to ask a cost segregation expert About Erik Oliver: Erik Oliver is the marketing director of Cost Segregation Authority. Cost Segregation is used by commercial building owners to increase cash flow by accelerating depreciation. Depending on the type of building, there can be anywhere from 20 to 35% and sometimes more of the depreciable basis that can accelerated, translating into tens of thousands if not hundreds of thousands of dollars in current year tax savings. Consider the value of having and being able to use those tax dollars today vs. spreading them out over 27.5 or 39 years. Cost Segregation can be used at pretty much anytime during the cycle of building ownership, including new construction, current acquisitions, previous acquisitions going back as much as ten or fifteen years, large improvement projects, following a step in basis from a change of ownership or estate transfer, and sometimes even at disposition to offset some of a capital gain. Cost Segregation is an engineering-based analysis of a building's interior, exterior and land improvements in order to identify, measure and quantify assets that are considered personal property or land improvements under the federal tax code. Those assets are then re-classifying in order to accelerate their depreciation. Connect with Erik Oliver on: Website: https://costsegauthority.com Email: erik@costsegauthority.com Connect with Two Smart Assets on: Website: https://twosmartassets.com/ Facebook: https://www.facebook.com/TwoSmartAssets/ Instagram: https://www.instagram.com/twosmartassets/ YouTube: https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw
The good news is that real estate is selling at record profits. The bad news is you have to pay taxes on those profits. In today's podcast, real estate investor and cost segregation expert Erik Oliver shares tax reduction strategies using cost segregation are benefiting investors selling single family homes through large multifamily properties. For complete show notes go to http://olddawgsreinetwork.com/cost-segregation-tax-strategies/ IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast. This will greatly help in sharing this podcast with others seeking to learn real estate investing.
In this Off The Beaten Path Episode, Erik Oliver shares how you can maximize your time as your business grows Want to learn more about passive income? Check out our FREE GUIDE-The Passive Investor's Handbook click here to access
Today, my guest is Erik Oliver. Erik is the regional manager for cost segregation authority. In just a minute, we're going to speak with Eric about cost segregation, what it is, how it works, and the benefits for real estate investors.
J Darrin Gross If you're willing, I'd like to ask you, Erik Oliver, what is the biggest risk? Erik Oliver Yeah, you know, for me, as you know, I didn't have any investment properties when I started doing cost segregation. And so by working with clients all the time, and seeing the value of owning real estate, I've started to get into real estate myself. And I think the biggest risk for me is, I went back and forth, do I need a property management group? Do I not? Do I manage these myself, you know, I actually live by my investment properties, I can don't step over what is the saying don't step over $1 to save a penny, you know what I mean? Let the experts do it. There's a reason that they're property management experts, there's a reason that your CPA should be filing your taxes, and you shouldn't be doing it yourself unless you know what you're doing. And so I think, the biggest risk for me that I've had to learn just that let the experts do it. And I see it all the time in my industry, where people do their own taxes. You know, I've seen people who make, you know, in the millions of dollars and have very sophisticated tax returns, and they're doing their own taxes on TurboTax. Because they don't want to pay a wealth advisor or a CPA who has the experience. And I'm like, what you're gonna pay that qualified CPA who understands real estate to do your taxes, you're gonna get back tenfold in the amount of deductions. And you know, the left the reduction in your tax liability. And so I think, if I can just share one thing, and that is surround yourself, you can't be an expert in everything, right? And so know where your faults are, and be humble enough to say, I'm not a tax expert, or I'm not a property management expert. I'll tell you just a quick story. I learned that the hard way. My very first investment property was actually when I lived in Virginia, I moved out of Virginia, I moved to New York. And I said, I don't want to sell my house. I'm going to just rent it in Virginia. And I'm going to do it myself. So I put an ad out there I met with some potential tenants, I found some they seem like the nicest people in the world. I didn't know I should do a background check. I didn't know that I should run their credit. There's my first gig, right? So Micah, they're nice. They sat down, they talked to my kids, we had a great conversation. They rent I rent the house to him, I moved to New York. And I never hear from him again, right? They paid their rent, the first two months. Great on time was perfect. But then the people that kicked them out of their old place started garnishing their paychecks. And that's when they stopped paying my rent. And had I done a background check. This all would have showed up but I didn't want to pay the 10% management fee. I'm like, I want that for me. And so surround yourself with I didn't know what I was doing. I thought I did but I didn't. And I should have been humble enough to say, Erik, you don't know what you're doing. And so humble yourself and say, what are you good at? And you'd be the expert in that. But we can't be experts in anything and in everything. And so surround yourself with people who are good property managers, good lenders, good CPAs good attorneys, good insurance agents, right? And let them be the experts and take their advice and be okay paying for that expertise, because you're going to come out ahead in the long run.
Dealing with things like depreciation, tax deductions, and cost segregation, can feel overwhelming and inaccessible as a first-time real estate investor, but it doesn't need to be. Today on the show we chat with Erik Oliver, a Cost Segregation Expert and Regional Manager with Cost Segregation Authority, a company that specializes in Cost Segregation studies. We talk with Erik about how he pivoted to pursue this area of real estate and why he finds so much satisfaction in helping people save on their taxes. Tuning in you'll hear Erik break down the role of depreciation in real estate, the mechanics of how it works, and how you can capitalize on it under the current tax laws. We also discuss when you can implement a cost segregation study based on the value of your property as well as other elements of your investments. Erik shares his advice for anyone looking to make a career change, as well as insights into how he maintains momentum in his work while raising young kids and making time to spend with his family. We had a great conversation with Erik, and if you're interested in learning more about cost segregation, depreciation, and tax deductions, make sure you tune in today!Key Points From This Episode:Introducing today's guest Erik Oliver a Cost Segregation Expert and Regional Manager with the company, Cost Segregation Authority.An overview of the Tax Cuts and Jobs Act and how that relates to cost segregation.Some of the motivations behind the Tax Cuts and Jobs Act.The standard depreciation that accumulates when you buy a building.The benefits of depreciation and why it doesn't apply to land.A breakdown of cost segregation and the role it plays in depreciation.How cost segregation can accelerate depreciation.The IRS approved guidelines that cost segregation experts use in their processes.The difference between how personal property and real estate depreciates.The different approaches companies can take to evaluate a property's worth.How a lookback study allows you to reevaluate the value of your property and incorporate a cost segregation study years after you acquired it.Insights on when to implement a cost segregation study depending on the value of your property and other aspects of your investments.A breakdown of what bonus depreciation means and how it relates to cost segregation.Erik's advice to listeners who are considering a significant career change, particularly towards real estate.What Erik does to maintain a balance between the momentum in his career and having a family and young kids at home. Links Mentioned in Today's Episode:Cost Segregation AuthorityErik Oliver on LinkedinLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupVertical Street VenturesVertical Street Ventures National Conference 2022
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million-dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.Main Points:CARES ACT:Tax Implications for Real Estate InvestorsCost Segregation and the Impacts of Tax ReformCost segregation179D energy credits45L energy creditsConnect with Erik:www.costsegauthority.comerik@costsegauthority.com
Erik's Background:Managing Director of Cost Segregation Authority, providing services since 2006Prior to joining Cost Segregation Authority, Erik was an OperationsManager for a multi-million dollar landscaping and design firm in LongIsland, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.In this episode we cover: 02:04 - Explanation of Cost Segregation 06:04 - An Example 15:22 - The process to evaluate the assets 21:44 - The importance of a good CPA 29:23 - Can you be aggressive in the valuation? 33:25 - 5KQ1 - If you could only pick one trait that explains your success, what is that trait and why? 34:59 - 5KQ2 - What is the most uncharacteristic thing you've done in your business and why did you do it? 37:43 - 5KQ3 - Can you name any time where you felt like you were not going to end up successful? How did you overcome that fear? 41:27 - 5KQ4 - Can you name a time where something in your business went perfectly and what did you do to make that a reality? 43:15 - 5KQ5 - What have you been focusing on lately to improve yourself or your business?Connect with Erik:WebsiteConnect with Dave:Schedule a callWebsiteE-mailOther ways to listen/watch:https://lnk.bio/multifamilyFollow or Subscribe:Facebook GroupLinkedInInstagramYoutubeIf you enjoyed this episode or like the show, please subscribe and leave a review! It is a huge help for just a little effort
Want to avoid mistakes in Long Distance Investing? Download your FREE document at http://keeponcashflow.clickfunnels.com/7mistakes Going Long Podcast Episode 189: The Special Tool to Accelerate Your Path to Financial Freedom In the conversation with today's guest, Erik Oliver, you'll learn the following: [00:14 - 03:59] Show introduction with comments from Billy. [03:59 - 07:19] Guest introduction and first questions. [07:19 - 10:57] The backstory and decisions made that led Erik to this point in his journey. [10:57 -24:43] Erik gives a 101 on what Cost Segregation is, and how it can help both passive and active investors keep hold of more of their money. [24:43 - 30:45] A detailed description of what Bonus Depreciation is and how it works, and the reality of what is happening and changing with Bonus Depreciation in the coming years. [30:45 - 32:43] How it works when looking at actioning Cost Segregation now for assets purchased in the past. [32:43 - 35:05] Who you should initially go to and how / when to initiate the process of getting your own Cost Segregation plan working for you. [35:05 - 41:13] What ‘Recapture' is, and how it could potentially affect someone in an investment where Cost Segregation or Bonus Depreciation is being utilized. Here's what Erik shared with us during today's conversation: Where in the world Erik is based currently: Salt Lake City, Utah. The most positive thing to happen in the past 24 hours: Just had the biggest month in terms of sales since his company was founded! Favourite European City: Calabria, Italy. A mistake that Erik would like you to learn from so that you don't have to pay full price: Know what you're good at and what you're not good at. Stay in your lane, and let those that are experts in things that you don't know so much about do what they do best. Book Recommendation: Tax-Free Wealth, by Tom Wheelwright. Be sure to reach out and connect with Erik Oliver by using the info below: Website: https://costsegauthority.com/ Email: erik@costsegauthority.com LinkedIn: https://www.linkedin.com/in/erik-oliver-b800657 To see the Video Version of today's conversation just CLICK HERE. How to leave a review for The Going Long Podcast: https://youxccbxtu.be/qfRqLVcf8UI Start taking action TODAY so that you can gain more Education and Control over your financial life. Do you want to have more control and avoid the mistakes that I made getting started in long distance investing? Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE. Be sure to connect with Billy! He's made it easy for you to do…Just go to any of these sites: Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels
Today, discover the ins and outs of real estate and depreciation as Erik Oliver explains how cost segregation works and how to leverage it in saving taxes. Don't miss out on tons of things to learn from this conversation!Key Takeaways To Listen ForWhat is cost segregation?When you should do cost segregationHow to take advantage of the bonus depreciationHow long does a cost segregation study take?Tax preparer vs. tax plannerAbout Erik OliverErik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Connect with ErikWebsite: Cost Segregation AuthorityTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.Dream Chasers PodcastWant to listen to another Next Level Show?Subscribe to DREAM CHASERS | Interviews with the Future Podcast!
If you're still confused about cost segregation, stop what you're doing right now and listen to this episode. Erik Oliver, Managing Director at Cost Segregation Authority, serves as a consultant for real estate investors who want to save tax dollars from their investments. He helps his clients increase their cash flow by applying cost segregation, the process of giving valuations to individual assets for federal tax deduction purposes. He also provided a quick deep-dive about bonus depreciation and tells us how investors can utilize it in their deals. [00:01 - 02:40] Opening Segment Erik Oliver tells us why he is in the real estate business How he applies his accounting degree in real estate The exact role that he plays as a consultant [02:41 - 08:49] Crash Course on Cost Segregation Why would an investor do cost segregation? Erik explains Erik tells us how his team accelerates deductions in their properties How a depreciation recapture works according to Erik [08:50 - 18:16] What Investors Should Know About Bonus Depreciation He reveals the reason commercial real estate is a 39-year asset class …and why residential is only 27 years The simple explanation of depreciation Every asset has a unique depreciation life, and here's why The properties eligible for 100% bonus appreciation have this characteristic [18:17 - 19:57] Closing Segment Reach out to Erik See links below Final words Tweetable Quotes “Manage the allocation of your sales price and put that into the right buckets, which allows you to reduce your total tax bill upon sale.” - Erik Oliver “...depending on the structure of the deal, your depreciation doesn't have to be divvied up equally amongst your investors..” - Erik Oliver “We still have a couple of good years of quality bonus depreciation available to us. So, definitely keep that in mind as you're investing and looking at different properties.” - Erik Oliver ----------------------------------------------------------------------------- Email erik@costsegauthority.com to connect with Erik or follow him on LinkedIn. Do you want to save millions of tax dollars? Visit Cost Segregation Authority to learn how. Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Erik Oliver 00:00 When you buy an asset, let's say you buy an apartment building, you're not just buying the land in the walls, you're also buying a bunch of appliances. You're buying a bunch of ceiling fans, you're buying a bunch of garbage disposals and a bunch of flooring and all these different assets, and according to the IRS, those assets can be depreciated at a much faster rate than 27 and a half years and that example. So carpet, for example, should be depreciated over five years, your appliances should be depreciated over five years. But when you pay 2.8 million for it, you don't know how much of that 2.8 million is for refrigerators or garbage disposals. And so that's what a cost segregation company does is we come in and we segregate those costs into different buckets. Intro 00:37 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big. Sam Wilson 00:49 Eric Oliver is the managing director at cost segregation authority and his work with clients across the country saving significant tax dollars. Eric brings with him a passion for identifying cost savings and educating real estate investors. Eric, welcome to the show. Erik Oliver 01:03 Hey, thanks for having me, Sam. Glad to be here. Sam Wilson 01:05 Pleasure's all mine. same three questions I ask every guest who comes on the show. Can you tell me in 90 seconds or less, where did you start, where are you now, and how did you get there? Erik Oliver 01:13 Yeah, sure. So I started my background is in accounting. So my major in accounting never really wanted to be a CPA, I was just numbers always came easy to me. And I'm horrible at English. And so I said, Hey, I'm going to go into a math degree. So I have an accounting degree. And my background is in sales. I've been in sales for the last 20 years. And so I was looking for a job, I lived in New York for a long period and wanted to move back out west and was looking for a job and came across this company. They've been in business for about 16 years now. And I thought it would be a good fit with my accounting degree and my business development background. And so I joined their team been here about six years now. And loving it, love helping investors. It's the, I gotta be honest with you, it's the easiest sales job I've ever had. It's a math equation either makes sense or it doesn't, right. So I love that aspect of it and glad to be here with this company. Sam Wilson 02:04 That's fantastic. I love that. Yeah, your sales job, I would only imagine is pretty easy in the sense. It's like, “Hey, by the way, I can help you save a loads of money.” Yeah, a little bit upfront. Like… Erik Oliver 02:15 Right? That's exactly what it is. It's, you know, you can give me 4,000, and I'll save you 40. Or you can pay the IRS 40. In April you decide and so, right, it's really more of a consultant position, which I love is just kind of walking people through how this works and exit strategies and you know, different investment strategies that we see with the investors we work with. And so that's the part that I really love. It's not like I'm trying to convince somebody they need to do it. It's more of a consulting and I love that aspect of the job. Sam Wilson 02:41 Great. We've certainly had several different firms come on the show and talk about cost segregation, we've dived, I mean, like you said, English isn't isn't our strong suit, whatever we did, we got into those, you know, kind of some of the nuances of cost seg. And you know, that was a good time. But just in case, our listeners haven't listened to that episode, can you give us just a I mean, bite size, what is cost segregation? Erik Oliver 03:03 Sure, Cost Segregation is just accelerated depreciation. So when you buy an investment property, you get to depreciate that over either 27 and a half or 39 years, depending on the asset. And so you're taking 1/27 or 1/39 of that the building price in terms of depreciation over those ports of years, and all we're doing is saying, well, instead of taking 1/39 of your storage units, what if you could take 30% of the deductions in the first year, and spread out the rest of the 70% over the course of the next 38 years. And so there's a number of reasons why you would want to front-load your deduction, you know, you've got time value of money, big one right now is inflation. You know, $1 today is worth more than $1, yesterday, or even an hour ago. So there's a number of reasons why you want to frontload those deductions, give me my deductions today, I'm not going to hold my storage unit for 39 years. So give me my deductions today. Let me put that money to work on my next storage unit or what-not. And so that's really what we're doing is front-loading depreciation deductions. Sam Wilson 04:00 Gotcha. Yeah, that's really your point there that $1 today is worth more than $1 for tomorrow, not tomorrow's dollars worth less than today's dollar. That's one thing. And the other thing you pointed out there is that, you know, if you have a 39, say, 39-year or 30 and a half 39-year deductions, yeah, yeah, you have that. I mean, by the time 39 years from now, I don't really plan on I mean, minus passive income and assuming I'm still alive, like, it just it doesn't make any sense to pay taxes like I'm in the highest-earning tax bracket right now. Right? The more deductions I can as a person, either a passive investor get on my k-one or even an active investor, right? More deductions, I can bank today, the better off really I am in the long term. That's really fascinating, you know, but with that one of the topics that we haven't spent a lot of time digging into is one, most of us don't hold these properties for 39 and a half or 39 years or 27 and a half years even, it's just not the way it is. And there's a few people that say Oh, I'll hold is in perpetuity. Okay, good for you, but the normal business plan is five to seven-year hold on a lot of these larger commercial assets, because we all bring in investors, and then we got to make them their pile of money and give them their money back. So what happens then, like Orleans, we haven't dug into his depreciation recapture? I mean, it just seems like, are you just trading dollars at that point? And when you pay the tax? What's that look like? Erik Oliver 05:18 Yeah, that's a great question we get that, get asked that quite often. And I'll kind of just back up a little bit just to shed a little bit of light for those listeners who aren't familiar with how we accelerate those deductions. What we're doing essentially, is we're just, when you buy an asset, let's say you buy an apartment building, you're not just buying the land in the walls, you're also buying a bunch of appliances, you're buying a bunch of ceiling fans, you're buying a bunch of garbage disposals and a bunch of flooring and all these different assets. And according to the IRS, those assets can be depreciated at a much faster rate than 27 and a half years in that example. So carpet, for example, should be depreciated over five years, your appliances should be depreciated over five years. But when you pay 2.8 million for it, you don't know how much of that 2.8 million is for refrigerators or garbage disposals. And so that's what a cost segregation company does is we come in and we segregate those costs into different buckets. And the reason that's important is think about it when you buy an asset. Let's go back to your question on recapture, I'll kind of back into this. But if you buy a building, let's say you buy an apartment building for $5 million, and you hold it for five years, and you sell it five years later, for 10, the markets great, you've doubled the value of the property's doubled. You sell it for 10. When you go to pay taxes on that, if you don't do a cost seg study, you're telling the IRS that everything doubled in value, my land is worth double, my walls are worth double. And guess what, so is my dirty old carpet that I've had for five years, it's now worth double what I bought it for five years ago, right? That's just not the case, carpet doesn't go up in value, carpet goes down in bed. But when you have everything lumped together as one big asset, that's all you can do is say, “Well, this asset I bought for five, this big asset I sold for 10. So everything doubles in value.” When you do cost segregation, you've got everything broken up into different buckets now. And because we have it broken up into different buckets, I can say what are my five-year assets worth after owning that building for five years, they're worth zero, they're fully depreciated, right? And so you're not selling your carpet for more than what you paid for it, you're selling it for zero, it has zero book value in that example, because I've owned it for five years. And so when you do cost segregation, it allows you to manage those recapture taxes. And essentially, what you're doing is you're taking your deduction at a high rate, taking it against that high 37% federal tax, federal income tax, you're taking your deduction of 37%, you're paying back a portion of it, and that portion is dependent upon how long you own it, you're paying back a portion of it at a lower rate at a future date and saving the spread. And so when you're paying that back, if you're paying it back at a capital gains rate of 20%, and taking the deduction at 37. Even if you're paying it all back, you're still saving that 17% spread. And like I said, in actuality, you're not paying it all back. Because in that example, your five-year assets are fully depreciated. So you're paying no recapture on your five-year assets. And so you're only paying parts of that recapture at a lower rate. And so that's one of the side benefits. I don't know if it's a side benefit. But it's one of the secondary benefits of having a cost segregation study done is give me my deductions now. But then when I sell the asset, I'm able to manage the allocation of my sales price. Again, that's important, manage the allocation of your sales price, and put that into the right buckets, which allows you to reduce your total tax bill upon sale. And so hopefully, that wasn't too far in the weeds. But I think, you know, the main point there is you're not selling your carpet for more than you bought it for. Right, take your deduction at a higher rate, pay back a portion of it at a lower rate at a future date and save the spread. And that's really what we're trying to accomplish. Sam Wilson 08:50 Right. Yeah. And I think that's an interesting clarification that a lot of people don't have when, when they're being sold these investments when you're talking to passive investors, right? Like, hey, you know, 100% bonus depreciation 100%, this, like, blah, blah, blah, cost seg, they don't tell you that, hey, on the back end, you're gonna capture some of this again, it just might be at a much lower rate. So I mean, and again, you know, for a lot of passive investors, they care but they don't care in the sense of like, I'm coming to you to put a deal together to make me money. And you're getting really in the weeds there, Sam. So yeah, just send me my k-1and tell me what it is. Let's go. Erik Oliver 09:29 Right. And that's something to that we talked to investors about or just something to keep in mind in terms of cost segregation, and when you're putting these deals together is depending on the structure of the deal, your depreciation doesn't have to be divvied up equally amongst your investors. I mean, you can put in your operating agreement that you know, you might have some investors who are high W2 earners, and they're not real estate professionals and they're just looking for a place to park their money and they don't necessarily need the tax deductions or can't utilize them versus some investors that are bringing money to the table. All they're looking for is a tax write-off. And so being able to kind of mix and match with your investors, what you're giving them in terms of tax write-offs by utilizing some of these cost segregation strategies is key to finding new investors and being able to provide for them, you know, what they're looking for whether it's, are they looking for equity long term? Are they looking for a tax write-off in the short term? And so that's one of the added benefits. Sam Wilson 10:21 Right, now, that's a great point. Yeah. Because I think about, you know, separate self-directed IRAs, you know, Roth, IRAs, things like that, that I have. And I mean, the deals were in that I use myself, I don't need to, you can give me all the write-offs you want. I don't care. They don't care. Yeah, doesn't do me any good. I wonder if, you pose an interesting thought there, which is not part of our onboarding process right now. But I wonder if that's probably a good question to put in your investor questionnaire as they come on board. Do you need the appreciation benefits or the cost seg benefits as we like, is this something you can even use? Right? If not, we're going to have our accountants funnel this to other, you know, split it up evenly amongst the investors that do need it. Erik Oliver 11:00 That, do need it. And maybe that those who don't need it, maybe they have more equity in the deal or whatever, however, you want to structure it. But yeah, give them what they're looking for. And it does help when you're raising money to be able to tailor your offering to what they're looking for and what their needs are. Sam Wilson 11:14 What's a good way to explain cost segregation or depreciation to an investor? Because I mean, I've got a lot of people that this is such a, especially non-business owners, right? To me, it took me a while to wrap my head around like, Wait, so I'm gonna put money and I'm gonna make money, and then I'm gonna lose money. Erik Oliver 11:31 Right? Sam Wilson 11:32 How does this third-grade math tell me this doesn't work? Right? But yet it does. So what's a good way when talking to investors? Do you think that people should be saying, Hey, this is maybe someone's never heard of depreciation, or bonus depreciation, or short offset like, Erik Oliver 11:47 You know, depreciation, it does take a little bit to get your head around. But it really is a non-cash expense. So when you think about business, we have income. And then we have our expenses, right? So whether you're manufacturing widgets, you got to buy the parts for the widgets, and those are your expenses. And then you sell those parts, that's your income. And your income minus your expenses is obviously your profit. And depreciation is just a non-cash expense. It's no different than, you know, people at the end of the year, they go out and buy a truck to try and get a write-off. Depreciation is the same effect, the same thing. It's just non-cash. And the other way to look at it is everything deteriorates over time. And so basically, if you think about, you know, sometimes people say, Well, why are commercial properties 39-year assets, and residential 27 and a half. And the thought process there is, is that when you've got somebody living in a building 24/7 or potentially there 24/7, where you've got a commercial building that's open nine to five, that commercial building is going to last longer. All the stuff in it is going to last longer than something that's being used 24/7. And so we've got these different depreciation lives. And there's court cases where all these depreciate, Oh, someone said, at one point, there was a court case that said, “you know, my carpet doesn't last 39 years, and so I shouldn't be depreciating it over 39 years.” And so then the court said, “Yeah, you're right, carpets, you know, only last five years. And so carpet now has a depreciable life of five years.” And so that's really all it is. It's just the depreciation, and how long does it take that asset on average, to basically become worthless. And so if you had a commercial building, let's say you had a storage unit, in theory, if you own that storage unit, you built it and owned it for 39 years and never maintained it. After that 39 years, it would be worth zero, right? And that's kind of the thought process behind it. So because of that, you get to take these write-offs, because every year it's worth a little bit less than a little bit less in terms of the structural value, not necessarily the market value. You know, obviously, things go up depending on the market, but the structural value goes down. That siding is now five years old. And so it's not worth as much as it was when you put it on their original. And so I don't know if that was an easy way to describe the depreciation. Sam Wilson 13:55 No, I think that's really good talks about bonus depreciation. There's a lot of concerns coming down, you know, you see the chatter on the internet machine. And it's all, you know, hey, you're bonus depreciation go going away, blah, blah. Can you tell us quickly what is just for our listeners? What is bonus depreciation and talk to us about the sunsetting of it and kind of what's happening on that front? Erik Oliver 14:16 Sure. No, that's a great question. So bonus depreciation has been around for a while, and it's kind of a way the government has used depreciation to stimulate the economy. And so they have, you know, depending on how they in the past, depending on how the economy was going, they would either increase the bonus or decrease the bonus on what they were trying to accomplish. And what bonus depreciation is, is that I think originally bonus depreciation was set up to not for real estate. So when you think about bonus depreciation, it was on assets that have a depreciable life of 20 years or less, right? So the idea was, hey, if you go buy a new truck, we're going to allow you to take 100% of the depreciation in the first year versus spreading that out over X amount of years. Whatever the depreciable life of a truck Is, or a bulldozer or a piece of machinery, right. However, when you think about cost segregation, when you buy a 27 and a half year asset and you do a cost seg study, now we're coming in, and we're segregating into five, seven, and 15-year buckets. Well, those five, seven and 15-year buckets are all under 20 years. And so now they're eligible for bonus, right? And Trump knew this, Trump being a real estate investor, and we won't go down that rabbit hole, whether you like him or not, that's up to you. But he is a real estate investor. And when he rewrote the tax laws or the tax codes, he was very favorable to real estate investors, and he understands how bonus depreciation works. And so he extended bonus depreciation to the end of next year, so any properties purchased between September 27 of 2017 and December 31 of this year 2022, are eligible for 100% bonus. And what that means is, is that when we do a cost seg study, all the five, seven and 15 year assets that we identify, instead of depreciating your five-year carpet over five years, you know, you get roughly 20%, every year for five years, you get to take 100% of that in the first year, right. And so this is big because when you buy a million, let's say you buy a million-dollar asset, we typically segregate somewhere around 30%. So all of a sudden, you're getting a $300,000 write-off in the first year with bonus depreciation. Sam Wilson 16:21 That's nice. And even if you don't use the entirety of that write-off that year, that right off carries forward until you've used all of it. Erik Oliver 16:26 Correct. Yeah, you don't ever lose it. Sam Wilson 16:29 So what happens to the sunset? When is this going away? Because I know there's a phased out, they're phasing this out on this, what is that? Erik Oliver 16:35 Yeah, and so, exactly. So they were talks about, you know, with the new administration coming in, were they going to keep this 100% bonus in place, or were they going to get rid of it, there was talks about them getting rid of it. So far, in the stuff that's been proposed, bonus depreciation has not even been mentioned, which is great. And so the current phase-out period is, it's 100% for anything through the end of this year. Now, that's any asset you buy through the end of this year. So let's say you don't do a cost seg study on the on an asset you bought this year, you don't do the cost seg study for two years, you're still eligible for that 100% bonus, a law applies to the time you purchased or put the building into service. So anything you buy between now and the end of the year is eligible for 100% bonus, and then starting anything purchased in 2023, it starts to phase out 20%. So now you get 80% bonus. So now if you've got $100,000 worth of carpet, for example, you get to take 80,000 of that in the first year, the 20,000 then gets played out over the next four years, right. And so same thing with your seven and your 15-year asset. So it starts at 100, next year goes to 80. The following year, it goes to 60 and 2027, it's down to zero and that's assuming nothing changes but you know, we still have a couple of good years of quality bonus depreciation available to us. So definitely keep that in mind as you're investing and looking at different properties. Sam Wilson 17:53 Man, this is fantastic, Eric, thank you for taking so much time today to really break down even further and nuance into cost segregation this is I don't think we've quite gone this deep on some of these more nuanced parts of this especially the sunset provisions there on bonus depreciation that's something that I think our listeners will find very very helpful because there is again like you said a lot of chatter around it. So yeah, that's been absolutely fantastic. Last question for you, if our listeners want to get in touch with you do business with you learn more about you can you tell us the best way to do that? Erik Oliver 18:24 Sure. Absolutely. So our website is just costsegauthority.com. That's C-O-S-T-S-E-G, authority dot com. From the website, my contact information is on there, please use me as a resource. If you have any depreciation questions, feel free to call me, if you've got child tax credit or earned business income questions, please don't call me because I can't answer those. But anything depreciation-related. We're kind of a niche accounting firm, we just do cost segregation. So trying to think the weirdest question I think I've been asked is how to depreciate mule deer for a breeding farm in Wisconsin, they were, breed these deer and believe it or not, deer have a depreciable life of X amount of years. And so we got that question. I didn't know the answer that right off the top, but I was able to find the answer. So if you have any depreciation-related questions, 100%, please feel free to call me my email is on there, my phone numbers on there. From our website. If you do have properties, we do a free benefit analysis on your property. And we'll give you an idea of what the fee would be to do the study as well as what your expected tax savings would be. So feel free to reach out to us that way. It's been great, Sam, I appreciate your time. Glad to be here. Sam Wilson 19:29 Eric, thank you so much. Have a great rest of your day. All right, you too. Take care. Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. In this episode we covered: Tax Implications for Real Estate Investors Cost Segregation and the Impacts of Tax Reform 179D Energy Credits 45L Energy Credits --- Send in a voice message: https://anchor.fm/donald-thomas6/message Support this podcast: https://anchor.fm/donald-thomas6/support
About Erik:Cost Segregation Authority was first established in 2006 at the infancy of modern cost segregation services. It was founded in large part by a father and son team who had spent their career in the construction industry and became passionate about the tax-saving strategies associated with real estate investments. You will find most cost segregation firms are full-time CPA firms or offer a dozen other services to maintain their margins. At Cost Segregation Authority our focus is exactly as our name implies. On Today's Show Erik DiscussesWhat Cost Segregation isHow Commercial Investors Benefit From Cost SegregationWill Biden's Tax Hike Proposals Hurt Real Estate InvestorsHow Single Family Investors Can Benefit From Cost Segregation as wellWhat is 179D Energy CreditsWhat is 45L CreditsAnd Much More.Links From The Podcasthttps://costsegauthority.com/https://www.facebook.com/costsegautho...https://twitter.com/costsegnowhttps://www.linkedin.com/company/cost...info@costsegauthority.comhttps://www.peer2peerrealestate.com/@WilliamP2PRE (Twitter)https://www.linkedin.com/in/williemor...Book RecommendedTax Free Wealth- Tom Wheelwright Thank You Erik for being on Peer 2 Peer Real Estate Podcast See acast.com/privacy for privacy and opt-out information.
Cost segregation is one of the best tax strategies for anybody in real estate investing, such as short-term rentals, to create losses that offset active and passive income. Find out how to keep your taxes as low as possible. Today, Clint Coons of Anderson Business Advisors talks to Erik Oliver, Managing Director of Cost Segregation Authority. Erik shares cost segregation techniques that you should apply on your properties to reduce your income taxes. Also, Erik speaks at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Prior to joining the Cost Segregation Authority, Erik was an operations manager for a multi-million-dollar landscaping and design firm in Long Island, NY. Highlights/Topics: What is cost segregation? Accelerated depreciation of property assets How does cost segregation work? Get cost seg study done to get deductions sooner Past vs. Present: Cost seg was only for commercial properties, now includes residential Bonus Depreciation: Benefits are bigger, fees are less for cost seg study of properties Missed Depreciation: Fix asset depreciation w/ cost seg study, w/out amending returns Why not do a cost segregation study? Passive loss issue or huge carry forward What about inflation? No other reason to wait, get deductions sooner than later Partial Asset Disposition: If assets are disposed of early, write-off book value as expense Resources Request a FREE Cost Segregation Benefit Analysis Cost Segregation Authority Cost Segregation Services Cost Segregation Study Erik Oliver's Email Erik Oliver's Phone: 602-568-0032 Tax Cuts and Jobs Act (TCJA) Capital Gains and Losses Clint Coons Anderson Advisors
A lot of investors and even CPAs are not aware of cost segregation and how it can help them with their investments. In today's episode, Erik Oliver will educate us on how we can take advantage of it. Erik has been with the Cost Segregation Authority for 5 years helping real estate investors save millions of tax dollars.Erik will discuss in detail which asset class can benefit much from cost segregation and how it works. He will also talk about the effect of tax changes that are going to take place and how you can use cost segregation to manage your tax brackets to save significantly.
Today, Sean, Ian, and Nick sit down and discuss WHERE THE GODS DWELL, so if you haven’t played it yet, go do that and then partake in our SPOILERS!PatronsThanks to our board members: Chris B., Chris H., Chris M., Morten, Jarrod, Ian, Kyle, Phillip, Dave, Abilio, Nathan, Chad, Robert.Special shout-out to random patron is… Erik Oliver!Don’t forget to check out mythosmerch.com for all of your Mythos Busters swag!(Far)kham Con 2020Online Arkham con July 30th - August 2nd.Sign up now!News & CommunityLCG Con is happening! Same weekend as Farkham Con, but schedules have been coordinated so you won’t miss everything.Check out the discord server for more information - https://discord.gg/rhrRZ6NGet The EpisodeThis episode and much more available on Spotify, Apple Podcasts, Stitcher, Google Podcasts, and all other apps that can connect to an RSS feed.Connect With UsVisit our website (www.mythosbusters.com) and our merch store (www.mythosmerch.com - also accessible from our main website).Join us on Discord!We have a Patreon! If you like what you’re hearing and would like to help us keep our investigation of the Mythos rolling, please consider becoming a patron.Follow us on Facebook, Instagram, and Twitter.Subscribe to us on YouTube and Twitch!Email us at Mythosbusterspod@gmail.comCall us and leave a message on the Mythos Busters Hotline at 203-493-MYTH (6984).AcknowledgementsSpecial thanks to Andre Fairweather and Heidi Blair.
In this episode, Erik Oliver with Cost Segregation Authority walks us through an overview of the cost segregation strategy and dives deeper into specific examples. Throughout this episode, Erik uses slides to illustrate the discussion. Head over to our YouTube channel to watch this presentation. OUR SPONSOR: Canovo Capital is a boutique multifamily investment group based in Orem, UT that works with clients, partners and investors to source, acquire and manage strategically targeted, multifamily assets. Our goal is to offer new and experienced investors a better way to maximize the returns on their hard-earned money through quality, recession-resilient, multifamily real estate. To start building long term wealth and creating passive income streams, please visit CanovoCapital.com to get started. ABOUT OUR GUEST:Erik Oliver is the Business Development Manager at Cost Segregation Authority, LLC. Cost Segregation Authority is a national provider of cost segregation services. They assist building owners in maximizing the tax benefits available to them under current U.S. tax law. They also assist accountants and CPA firms in providing services to their clients who have constructed, bought, expanded, sold or remodeled depreciable real estate.Cost Segregation Authority was first established in 2006 at the infancy of modern cost segregation services. It was founded in large part by a father and son team who had spent their career in the construction industry and became passionate about the tax-saving strategies associated with real estate investments. This family culture has stayed with us for over a decade and we endeavor to keep it this way for generations.A key milestone in our growth was the separation from a CPA firm in 2015. Our practice does one thing only—cost segregation.You will find most cost segregation firms are full-time CPA firms or offer a dozen other services to maintain their margins. At Cost Segregation Authority our focus is exactly as our name implies. Hence, if you are a CPA or other tax advisor, you don’t have to worry about losing any tax return or other consulting revenue when introducing us to your clients. Our goal is to make you look good by performing the most accurate and tax-saving study possible. We are the good news in your practice and your partnership is paramount to our success.CONNECT WITH OUR GUEST:Website800.940.3115LinkedinJOIN THE APARTMENT INVESTING JOURNEY COMMUNITY:Visit Our Website: https://www.apartmentinvestingjourney.com/Visit our YouTube Channel: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/Join Us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Visit our Facebook Page: https://www.facebook.com/apartmentinvestingjourney/Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE!
Check in with Brad Sheafe, Chief Intellectual Property Officer (CIPO) and David Pridham, CEO of Dominion Harbor, respectively. And on this episode a special treat is we’ll hear from two IP industry leaders over on the left coast, Kent Richardson and Erik Oliver, who along with co-author Mark Lemley published the 2017 paper entitled, “The Patent Enforcement Iceberg which can be had for download here on SSRN. Settle in for a deep, and first ever two part interview. Since we know you are all Netflix & Podcast binge watchers and binge listeners we’ve posted both interview together. So grab that evening beverage and settle in for some downright IP entertainment by 4 IP luminaries. We missed you Mark – you would have had a ball.
Check in with Brad Sheafe, Chief Intellectual Property Officer (CIPO) and David Pridham, CEO of Dominion Harbor, respectively. And on this episode a special treat is we’ll hear from two IP industry leaders over on the left coast, Kent Richardson and Erik Oliver, who along with co-author Mark Lemley published the 2017 paper entitled, “The Patent Enforcement Iceberg which can be had for download here on SSRN. Settle in for a deep, and first ever two part interview. Since we know you are all Netflix & Podcast binge watchers and binge listeners we’ve posted both interview together. So grab that evening beverage and settle in for some downright IP entertainment by 4 IP luminaries. We missed you Mark – you would have had a ball.
IP Frequently – where, while always fair, nothing is off limits. We invite you to join the conversation. Check in with Brad Sheafe, Chief Intellectual Property Officer (CIPO) and David Pridham, CEO of Dominion Harbor, respectively. And on this episode a special treat is we’ll hear from two IP industry leaders over on the left […]
IP Frequently – where, while always fair, nothing is off limits. We invite you to join the conversation. Check in with Brad Sheafe, Chief Intellectual Property Officer (CIPO) and David Pridham, CEO of Dominion Harbor, respectively. And on this episode a special treat is we’ll hear from two IP industry leaders over on the left […]
Erik Oliver my shepherd of games for a few years (and fellow gamer) joins us on the mics for a discussion of what attending Essen 2007 was like. Many games are discussed (some of which you might recognize still)!
Susan McKinley Ross joins in on the mics (along with last week's crew) and Erik Oliver shows up for a discussion of the games that sparked debate and enjoyment over the course of the weekend. Those games include Norderwind (North Wind) Hollywood Advanced Civilization 18XX Freedom Nations Maskmen Glass Road Camel Up Das Letzte Kamel Castle Dice Power Grid One Night Ultimate Werewolf
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