54 min

Are you getting the most out of your real estate investments? Cost Segregation Today‘s Real Talk

    • Investing

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 Want content sent directly to your device? Text 'Get Real' to 844-STUDIO-4Have you enabled Amazon and Google Home skills?"Hey Alexa, play Today's Real Talk!""Hey, Google, play Today's Real Talk!"All shows streaming wherever you like to listen to your podcasts Chapters0:00 - 3:33: Talking w/Justin Today3:33 - 7:17: Intro w/ Yonah Weiss7:17 - 16:57: Top Terms in Cost Segregation16:57 - 19:49: Real Estate Professional Status19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis23:38 - 25:34: Ground Up Development vs. Value Add Property25:34 - 28:18: The Cons of Doing Cost Segregation28:18 - 31:51: What is Depreciation Recapture?31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange33:51 - 34:57: The Important of Real Estate Teams34:57 - 36:34: Who currently uses Cost Segregation?36:34 - 38:34: The Short Term Rental Loophole38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation41:20 - 43:51: Adoption of Cost Segregation in the Marketplace43:51 - 44:33: Outro w/ Yonah44:33 - 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

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 Want content sent directly to your device? Text 'Get Real' to 844-STUDIO-4Have you enabled Amazon and Google Home skills?"Hey Alexa, play Today's Real Talk!""Hey, Google, play Today's Real Talk!"All shows streaming wherever you like to listen to your podcasts Chapters0:00 - 3:33: Talking w/Justin Today3:33 - 7:17: Intro w/ Yonah Weiss7:17 - 16:57: Top Terms in Cost Segregation16:57 - 19:49: Real Estate Professional Status19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis23:38 - 25:34: Ground Up Development vs. Value Add Property25:34 - 28:18: The Cons of Doing Cost Segregation28:18 - 31:51: What is Depreciation Recapture?31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange33:51 - 34:57: The Important of Real Estate Teams34:57 - 36:34: Who currently uses Cost Segregation?36:34 - 38:34: The Short Term Rental Loophole38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation41:20 - 43:51: Adoption of Cost Segregation in the Marketplace43:51 - 44:33: Outro w/ Yonah44:33 - 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

54 min