086. How To Slash Your Taxes: Cost Segregation Strategies in Real Estate

Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

In this episode of the LearnLikeaCPA Podcast, we delve into the ins and outs of cost segregation studies and their significant tax benefits in real estate investment. Listen to find out:

- How cost segregation studies have saved investors close to $2 million in taxes over three years.

- The importance of tax strategies and wealth preservation in real estate.

- The impact of location and property type on tax benefits from cost segregation.

- Key factors to consider, including the timing of cost segregation and its effect on tax brackets.

- Real-world examples showing potential tax savings and the patriotic aspects of leveraging tax laws.

Timestamps:

00:00 Why tax savings are essential for wealth accumulation and preservation.

05:18 Cost Segregation: accelerating property depreciation for tax benefits.

09:59 Real estate case study: high ROI through cost segregation.

12:09 How to use losses to boost cash and offset income.

15:45 How to accelerate depreciation during high-income years.

20:49 The risks of DSCR loan with prepayment penalty.

21:26 How interest-free loans for reinvestment reduce your tax bill.

25:55 How a client saved $40,000 with tax return amendment.

29:12 Why taking advantage of economic opportunities is patriotic.

Want me to answer your questions live? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.