This episode provides a deep dive into cost segregation strategies. We're super excited to introduce today's guest, Erik Oliver, because he has saved Jason and Rory a ton of money!

As the head of Channel Partnerships at Cost Segregation Authority, Erik is passionate about educating both investors and tax professionals on utilizing this important strategy. Many of you may already be familiar with Erik from his knowledgeable presentations on cost segregation at industry events such as Bigger Pockets' BPCON (which is where Jason heard him speak and immediately returned home to put cost segregation strategies to work!) If not, get ready to take notes, rewind the episode at times, and learn how real estate investors use cost segregation for advanced tax planning!

Erik shares his background and how he got involved in the industry, emphasizing the importance of educating investors on this tax-saving strategy.

We're lucky to have Erik's expertise on the show to provide some real-world examples of how cost segregation can make a big difference for real estate investors. He explains the process of conducting engineering-based cost segregation studies and how it allows investors to accelerate depreciation deductions. We discuss how bonus depreciation makes this strategy applicable to smaller properties.

We also dig into the "short term rental loophole" and how it can help passive investors.

Throughout this episode, you will learn actionable insights, all while Jason shares his real-world experience as a client.

Whether you're an experienced investor or just learning, this episode is full of practical tax strategies you'll want to explore.

Things we discussed in this episode:

- Erik Oliver's background and how he got involved in cost segregation.

- Jason learned about cost segregation from Erik at a conference.

- How cost segregation studies work and accelerate depreciation deductions. 

- Changes to bonus depreciation under the Tax Cuts and Jobs Act.

- Impact of bonus depreciation on real estate investors.

- Conducting virtual cost segregation studies during COVID-19.

- Documentation requirements for cost segregation studies.

- Jason and Rory's experience with a cost segregation study.

- The "short-term rental loophole" tax strategy.

- Finding one's passion and avoiding costly mistakes in real estate.

Get in touch with Erik:

Website - https://costsegauthority.com/

Email - [email protected]

Linkedin - https://www.linkedin.com/in/erik-oliver-b800657

#realestatepodcast #realestate #realestateinvesting #realestateinvestor #realestatelaw #CostSegregation #RealEstateTaxStrategies #DepreciationDeductions #BonusDepreciation #TaxSavings #VirtualTaxServices #IRSCompliance #ShortTermRentalInvesting #FindingYourPassion #LearningFromMistakes

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