What you'll learn about in this episode: In this jaw-dropping episode of The Mentor Podcast, host Ron LeGrand sits down with cost segregation expert, Joe Viery, to uncover significant tax-saving strategies for real estate investors. Joe founded his company with the goal of providing quality cost segregation studies. As a Cost Segregation Professional, CSP, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging IRS compliant cost segregation studies. Since becoming a CSP in 2007, Joe has performed thousands of cost segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single family residences. Joe shares invaluable insights on how to leverage cost segregation for both residential and commercial properties, potentially saving thousands of dollars in taxes. If you're a real estate investor or planning to buy properties, this episode is a must-listen as Joe walks through the benefits of accelerated depreciation and energy tax credits. Key topics covered: <ul> <li>Accelerated Depreciation: How cost segregation accelerates depreciation for real estate investors and the benefits of time value of money.</li> <li>Tax Deductions: The types of components in a building that can be accelerated for tax deductions, such as flooring, appliances, and landscaping.</li> <li>Cost Segregation for Residential Properties: The applicability of cost segregation not only for commercial properties but also for smaller residential properties.</li> <li>Tax Credit for Energy Efficiency: How energy-efficient upgrades in properties can qualify for significant tax credits through the 45L program.</li> <li>Depreciation Recapture: Understanding the implications of depreciation recapture and how cost segregation can mitigate it.</li> <li>1031 Exchanges: The impact of cost segregation on properties involved in 1031 exchanges and how to maximize tax benefits.</li> <li>Bonus Depreciation: The phasing out of bonus depreciation and what it means for real estate investors.</li> <li>Tax Planning: The importance of consulting with tax professionals and financial planners to make informed decisions about cost segregation.</li> </ul> Resources: <ul> <li>For a Free Estimate, go to <a href= "http://www.TheMentorPodcast.com/Costseg">www.TheMentorPodcast.com/Costseg</a></li> <li>Sign up for a Free Mentor Panning Session: <a href= "https://www.ronlegrand.com/planning-session-application/?cid=TMP240510">https://www.RonLeGrand.com/Plan</a></li> <li>Free Training: <a href= "http://www.thementorpodcast.com/terms?cid=TMP240510">www.TheMentorPodcast.com/Terms</a></li> <li>Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – <a href= "https://thementorpodcast.com/GC163">www.TheMentorPodcast.com/GC163</a></li> </ul>

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Revealing Lesser-Known Tax Breaks with Joe Viery: Cost Segregation Strategies for Real Estate Investors

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