Decoding Cashflow
Welcome to Decoding Cashflow; a real estate investments podcast.
Are you looking to achieve massive success in your life, without dealing with costly investment nightmares? if yes, then this podcast is for you. Here we provide engineers and busy professionals, all the secrets and strategies to create multiple streams of income, build generational wealth, and live a meaningful life by design.
Decoding Cashflow
EP.157: Maximizing Tax Advantages Using Cost Segregation Strategies with Erik Oliver
As real estate investors, we are always looking for ways to save taxes, and cost segregation is one of the most powerful methods available to us.
Our today’s guest Eric Oliver is the Vice President of National Accounts at Cost Segregation Authority, a national provider of cost segregation services. He helps real estate investors accelerate depreciation, minimize tax liabilities, and optimize wealth building.
DISCLAIMER: We are not giving any financial advice.
(00:00 - 01:30) Introduction
- Erik is introduced as the guest Hosts
(01:30 - 04:59) Erik's Professional Journey
- Erik shares his professional journey
(04:59 - 33:48) Maximizing Tax Advantages Using Cost Segregation Strategies
- Erik shares what cost segregation is.
- How Erik maximizes and takes advantage of bonus depreciation
- Who can take advantage of this deprecation?
- How would 179 deductions different this bonus depreciation?
- How would the investor get impacted by this recapture?
- What's the process to get started to get the cost segregation done?
- How does 1031 exchange impact depreciation recapture?
- Can the same method be used before doing 1031?
(33:48 - 38:47) Final Round
- Erik shares his best business or investment advise
- Erik's best book that he recommend that made an impact to his business and life
- How Erik give's back
- His main source to learn and grow
(38:47 - 40:35) Closing Segment
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