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Are you getting the most out of your real estate investments? Cost Segregation
Manage episode 345541738 series 3371984
Το περιεχόμενο παρέχεται από το Today‘s Real Talk with Justin Ckezepis. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Today‘s Real Talk with Justin Ckezepis ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Have you purchased your first investment property? What are the tax strategies you plan to use? Have you considered Cost Segregation? If you are thinking of investing in Real Estate, you will need some tools and resources to help you succeed.
The IRS (Internal Revenue Service) Tax Code contains many sections dealing with Real Estate. Changes based on the Tax Cuts and Jobs Act have pumped certain Real Estate concepts, such as Depreciation, Cost Segregation, and Bonus Depreciation, to new levels.
Those with Real Estate Professional Status can take advantage of these changes. How long will Bonus Depreciation remain accelerated? Is it a good think to use Cost Segregation if you are going to be selling the real estate property in a short amount of time? What is the process for obtaining a Cost Segregation study? All that and more as Justin Ckezepis of Today's Real Talk sits down with Yonah Weiss to discuss Cost Segregation in Real Estate.
References
Yonah Weiss: https://www.yonahweiss.com/
Tax Cut and Jobs Act: https://www.govinfo.gov/content/pkg/BILLS-115hr1enr/pdf/BILLS-115hr1enr.pdf
IRS Tax Cuts and Jobs Act - Comparison for Businesses: https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses
IRS Cost Segregation Audit Techniques Guide: https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction
Today's Real Talk: https://www.TodaysRealTalk.com
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Chapters
0:00 - 3:33: Talking w/Justin Today
3:33 - 7:17: Intro w/ Yonah Weiss
7:17 - 16:57: Top Terms in Cost Segregation
16:57 - 19:49: Real Estate Professional Status
19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis
23:38 - 25:34: Ground Up Development vs. Value Add Property
25:34 - 28:18: The Cons of Doing Cost Segregation
28:18 - 31:51: What is Depreciation Recapture?
31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange
33:51 - 34:57: The Important of Real Estate Teams
34:57 - 36:34: Who currently uses Cost Segregation?
36:34 - 38:34: The Short Term Rental Loophole
38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation
41:20 - 43:51: Adoption of Cost Segregation in the Marketplace
43:51 - 44:33: Outro w/ Yonah
44:33 - 47:31: Q&A #1: What is the future of the Real Estate Market in North Carolina?
47:31 - 49:04: Q&A #2: What type of taxes do I pay when earning $ in real estate?
49:04 - 53:15: Q&A #3: When are you financially prepared to buy a home?
53:15 - 54:04: Wrap Up & Outro
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