When we think of depreciation in real estate
investments, most people believe it's just simple and straight line. But imagine
your property in different components, and that some parts can depreciate
faster than others. Can you start to picture out the benefits?
Join us in this episode of The Cashflow
Capitalist Show, as Aman shares the mic with David Barrett of Cost Segregation
Services, LLC in a very interesting and educational discussion about taxation, cost
segregation, and how it can help your bottom-line with respect to tax codes.
What to expect in this episode?
What is Cost Segregation and how it can benefit you?
Traditional Depreciation versus utilizing Cost Segregation.
Tax Strategies with the Tax Cuts and Jobs Act 2017
When do you need to do a Cost Segregation Study?
When not to do a Cost Segregation?
Bonus depreciation and minimizing recapture.
Benefits on cost savings to investors.
How CSSI CostSeg Study can help companies.Barrett is a seasoned professional with extensive experience in financial
services. Currently serving as the National Representative at Cost Segregation
Services, LLC since April 2021, he specializes in assisting clients across the
country, with a focus on Southern California projects. In this role, David
contributes to enhancing real estate owners' cash flow through income tax
savings and deferment. Cost Segregation Services, LLC utilizes building studies
and the U.S. tax code to identify building components eligible for accelerated
depreciation, allowing owners to expense more depreciation at a faster rate.
Prior to his current position, David served as the Western Regional Manager at
Atradius Collections from January 2018 to April 2021, where he oversaw amicable
AR follow-up services and third-party collections. His earlier roles include
Credit Insurance Senior Sales Agent at Euler Hermes North America from August
2012 to December 2017 and various roles at TSI - Transworld Systems Inc. from
March 1993 to August 2013, where he excelled in business development, sales,
Connect with David Barrett:
Cost Segregation Services: https://costsegregationservices.com/
David's Phone: 818-746-7558
Email David: [email protected]
Follow The Cashflow Capitalist Show and explore the latest industry
trends, insights, and investment strategies that investors can use to build
long-lasting portfolios. The podcast will also give you an inside look at
commercial real estate investing from industry experts.
Web: https://venturevortex.capital/
Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/