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