Multifamily Insights

Leverage this Tax "Loophole" Before It Closes For Good with Erik Oliver, Ep. 521


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Erik Oliver is the vice president of business development at Cost Segregation Authority, which performs cost segregation studies to help investors save tax dollars. 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.

In this episode with Erik, explore the realm of cost segregation, a powerful financial strategy that uncovers hidden opportunities within real estate investments. Learn about the process of reclassifying property components to accelerate depreciation deductions and maximize tax savings. Discover the benefits of cost segregation, including enhanced cash flow and reduced recapture. Gain insights into partial asset dispositions, professional trainings for CPAs, EAs, and agents, and the distinction between tax strategists and tax preparers. Lastly, uncover the underutilized 45l energy credits and their potential impact on real estate ventures. Prepare to elevate your investment approach and optimize financial outcomes with cost segregation.

 

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Unleashing the Potential of Cost Segregation

00:00 Opening segment;

03:32 What’s cost segregation;

05:08 How a cost segregation study works;

07:35 Why cost segregation;

10:12 Partial asset dispositions ~ Cost segregation;

18:43 CPA, EA and Agent trainings;

21:34 Tax Strategist vs. Tax Preparer

25:18 How recapture can reduces with a cost segregation study

28:58 45l energy credits - The most under utilized credit in real estate  

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29:15 Round of Insights

 

Apparent Failure: Knowing what he is good at and what he is not good at.

Digital Resource: Repstracker

Most Recommended Book: Tax Free Wealth

Daily Habit: Writing things down

#1 Insight for Cost Segregation: Don’t just look at the cost of the study but look at the estimated benefits are going to be..

Best Place to Grab a Bite to Eat in Salt Lake City: Santo Taco

  

Contact Erik:

To learn more go to costsegauthority.com

 

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

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Multifamily InsightsBy John Casmon

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