House of Horrors: The Legal Podcast For Real Estate Investors
Are you a real estate investor who wants to make sure your investments are a blessing not a curse?
The House of Horrors Podcast can help you protect your properties without losing your sanity. Learn from lawyer and landlord, Bonnie Galam, as she breaks down real estate horror stories so you can avoid them and to help you build a solid foundation for your portfolio.
In her straightforward way, Bonnie offers a mix of actionable steps to help you grow and tough love she knows you need to hear to check yourself before you wreck yourself.
Find out more at bonniegalam.com/podcast
House of Horrors: The Legal Podcast For Real Estate Investors
104. Cost Seg Horror Stories with CPA Rom Neidhardt
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Cost segregation is everywhere on real estate social media — but what the TikTok gurus aren't telling you is how fast it can go sideways when it's done wrong. In this episode, Bonnie sits down with cost seg specialist Rom Neidhardt to expose three real horror stories: an engineer who forgot you can't depreciate land, a CPA who couldn't read a drawing, and a $500 software report the IRS would shred on sight. If you've ever wondered whether cost seg is actually worth it — or whether your study was done right — this one's for you.
In this episode you'll learn:
- What cost segregation actually is and whether your property qualifies (hint: it's not just for Fortune 50 companies anymore)
- The three most common ways cost seg studies go wrong — and what a properly done study should look like
- How cost seg interacts with 1031 exchanges, passive losses, and other tax strategies — and why sequencing matters more than most investors realize
Connect with Rom's tax practice here.
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- Bonnie on Instagram
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- Bonnie's Law Firm, The Galam Firm
DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney
© 2021-2025 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC