Jul 11, 2022
Today, we'll better understand how cost segregation works, and the massive tax benefits real estate investors can get from it. We invited one of the experts Joseph Viery to explain its calculation, how investors can take advantage of the 100% bonus and accelerated depreciation, and why it's significant to learn this aspect of the business. Don't miss out on learning the strategy where you can offset your revenue!
Key Takeaways from this episode
- What is cost segregation and how can you benefit from it
- Cost segregation study for land, building, and single-family homes
- Advice for long-term single-family investors taking advantage of depreciation for the first time
- The importance of working with confident advisors and tax professionals
- Is there a reason not to do cost segregation?
About Joseph Viery
Joseph Viery is the founder of USTAGI with the goal of providing quality cost segregation studies. As a Cost Segregation Professional, CSP, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging IRS-compliant cost segregation studies. Since becoming a CSP in 2007, He has performed thousands of cost segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single-family residences. He regularly presents at workshops nationally and is a frequent guest on industry podcasts. He has a natural ability to turn complex sets of guidelines into easy-to-understand topics.
Connect with Joe
- Website: US Tax Advisors Group, Inc.
- LinkedIn: Joseph Viery
Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor.
He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor.
Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil’s portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil’s team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner’s business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com.
Connect with Neil
- Website: Real Grit
- LinkedIn: Neil J. Timmins
- Facebook: Neil Timmins