47: Erik Oliver - Cost Segregation Authority

SummaryIn this episode, Brandon Bruckman interviews Erik Oliver from Cost Segregation Authority to explore the intricacies of cost segregation and its benefits for real estate investors. They discuss how cost segregation allows for accelerated depreciation, the reasons why CPAs may not handle these studies, and the importance of identifying suitable properties for cost segregation. The conversation also covers the flexibility of timing for these studies, the implications of current tax laws, and the impact of the CARES Act on energy efficiency credits. Eric emphasizes the need for collaboration between investors and their CPAs to maximize tax savings.TakeawaysCost segregation allows for accelerated depreciation on real estate investments.Many CPAs lack the construction knowledge needed for cost segregation.Properties with a depreciable basis over $250,000 are good candidates for cost segregation.Cost segregation can create significant tax savings in the first year of ownership.Timing is flexible; cost segregation can be done years after purchasing a property.Depreciation recapture can be managed effectively with cost segregation.Current tax laws, including bonus depreciation, greatly benefit real estate investors.The CARES Act introduced energy efficiency credits for residential and commercial properties.Collaboration with CPAs is crucial for maximizing tax benefits.Cost segregation studies can be a valuable resource for real estate investors.Chapters00:00 Introduction to Cost Segregation02:47 Understanding Cost Segregation06:02 Why CPAs Don't Handle Cost Segregation08:52 Identifying Good Candidates for Cost Segregation12:12 Timing and Flexibility of Cost Segregation14:49 Depreciation Recapture and Tax Implications18:12 Impact of Current Tax Laws on Cost Segregation20:59 CARES Act and Energy Efficiency Credits34:01 Working with Cost Segregation ExpertsSocial Links:Podcast: The Retiring Real Estate InvestorFollow us on Instagram: @InvestWithInsightFollow us on Facebook: @InvestWithInsightFollow Brandon on Linkedin: @BrandonBruckmanJoin the Facebook group: Invest with InsightListen on Spotify: The Retiring Real Estate InvestorListen on Apple: The Retiring Real Estate InvestorIf you're looking to learn more about DSTs, 1031 exchanges and passive investing, visit www.investwithinsight.comThe firm is a registered investment adviser with the states of KS, MO, WI, CA, AZ, TX, LA, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements.