Sign up to save your podcasts
Or
Share Cost Segregation: Turbocharge Your Real Estate Tax Deductions with Erik Oliver
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Cost Segregation: Turbocharge Your Real Estate Tax Deductions with Erik Oliver
What if you could accelerate the depreciation deductions on your real estate investments and reduce your tax bill?
Angel Williams interviews Erik Oliver, a cost segregation expert, to uncover everything real estate investors need to know about this overlooked tax strategy. Erik unlocks this powerful tax benefit, yet many investors are still unaware of it.
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.
[00:00-06:00]: Opening Segment
- Why cost segregation accelerates depreciation deductions on your real estate
- Cost segregation reclassifies assets into shorter depreciation schedules (5, 7, 15 years)
- How it benefit all real estate investors today, not just large commercial
[06:00-12:00]: The Power of Bonus Depreciation
- Bonus depreciation allows immediate deduction of reclassified assets
- Results in large deductions in Year 1
- How expanded cost segregation benefits to smaller residential investors
[12:00-19:00]: Cost Segregating In Different Asset Classes
- Multifamily can reclassify up to 35% into shorter lives
- Farms benefit from segregating land improvements
- The big value in exterior assets (parking lots, drainage)
Quotes:
"Typically, when you've got an asset, let's call it a farm, and I've owned it for years...I die. I pass that farm to my son. My son will get a step up in basis to fair market value at the time of my death" - Erik Oliver
"I may not own my building for 39 years. I mean, hell, the way I eat, according to my wife, I'm not going to be around in 39 years." - Erik Oliver
Connect with Oliver:
Website: www.costsegauthority.com
Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!
LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.
Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.
Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.
To learn more about me, visit my LinkedIn profile, and connect with me.
View all episodes
By Angel WilliamsWhat if you could accelerate the depreciation deductions on your real estate investments and reduce your tax bill?
Angel Williams interviews Erik Oliver, a cost segregation expert, to uncover everything real estate investors need to know about this overlooked tax strategy. Erik unlocks this powerful tax benefit, yet many investors are still unaware of it.
Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.
[00:00-06:00]: Opening Segment
- Why cost segregation accelerates depreciation deductions on your real estate
- Cost segregation reclassifies assets into shorter depreciation schedules (5, 7, 15 years)
- How it benefit all real estate investors today, not just large commercial
[06:00-12:00]: The Power of Bonus Depreciation
- Bonus depreciation allows immediate deduction of reclassified assets
- Results in large deductions in Year 1
- How expanded cost segregation benefits to smaller residential investors
[12:00-19:00]: Cost Segregating In Different Asset Classes
- Multifamily can reclassify up to 35% into shorter lives
- Farms benefit from segregating land improvements
- The big value in exterior assets (parking lots, drainage)
Quotes:
"Typically, when you've got an asset, let's call it a farm, and I've owned it for years...I die. I pass that farm to my son. My son will get a step up in basis to fair market value at the time of my death" - Erik Oliver
"I may not own my building for 39 years. I mean, hell, the way I eat, according to my wife, I'm not going to be around in 39 years." - Erik Oliver
Connect with Oliver:
Website: www.costsegauthority.com
Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!
LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.
Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.
Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.
To learn more about me, visit my LinkedIn profile, and connect with me.