The Wealth Without Wall Street Podcast
Maximizing Tax Benefits: Unveiling the Power of Cost Segregation Analysis with Geraldine Serrano
Aug 24, 2023
Geraldine Serrano, a tax consultant specializing in cost segregation analysis, explains the benefits of cost segregation and its application for real estate investors. The podcast covers the types of properties that qualify for cost segregation, the importance of physical inspections, and timing for maximum tax savings. The hosts encourage engagement and provide Geraldine's contact information for inquiries
32:16
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Cost segregation is a tax strategy that helps real estate investors lower their taxes and improve cash flow, with timing being crucial for maximum benefits.
- A cost segregation study can be done on any building except primary residences, identifying specific components for accelerated depreciation to generate significant tax savings.
Deep dives
What is Cost Segregation and Why Should Real Estate Investors Care?
Cost segregation is a tax strategy that helps real estate investors lower their taxes and improve their cash flow. This strategy is available for both residential and commercial properties, except for primary residences. Unfortunately, many CPAs do not inform their clients about this strategy, so investors often learn about it from other investors or professionals. By conducting a cost segregation study, real estate investors can identify and accelerate depreciation on specific components of the property, which results in significant tax savings. Timing is crucial, with the best time to perform a cost segregation study being right after the property purchase.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
