Talk Show 15: Are You Getting the Most Out of Your Real Estate Investments?

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If you recently purchased your first investment property or are an active investor with multiple properties in your portfolio, different tax strategies can help you keep costs down and leave more money in your pocket. Cost segregation is one of these strategies, and we’ve gone over this tactic in detail in our latest show.

We’re joined by Yonah Weiss, the host of the Weiss Advice podcast and the Regional Business Director for Madison SPECS, a company that focuses on specialized engineering for properties. Yonah sees many real estate investors use cost segregation to their advantage, and his clients include everyone from single-family investors with Airbnbs to institutional investors, multifamily investors, and more.

If you’re interested in using cost segregation to hold onto more money from your investments, know that the IRS Tax Code includes many sections dealing specifically with real estate. Recent changes to the tax code as a result of the Tax Cuts and Jobs Act have changed the way real-estate investors can use cost segregation to their advantage.

Investors should take advantage of these changes because bonus depreciation may not remain accelerated forever. We go over when to use cost segregation if you plan to sell, what the process is like for obtaining a cost segregation study, and some of the risks involved with using this cost-saving method.

Learn how cost segregation can help you hold onto more money if you’re a real estate investor. Make sure to listen in and check back soon for our next show on North Carolina business, real estate, and living.