Accelerating Real Estate Tax Deductions by Using Cost Segregation Studies with Erik Oliver

The Real Estate Law Podcast

This episode provides a deep dive into cost segregation strategies. We're super excited to introduce today's guest, Erik Oliver, because he has saved Jason and Rory a ton of money!

As the head of Channel Partnerships at Cost Segregation Authority, Erik is passionate about educating both investors and tax professionals on utilizing this important strategy. Many of you may already be familiar with Erik from his knowledgeable presentations on cost segregation at industry events such as Bigger Pockets' BPCON (which is where Jason heard him speak and immediately returned home to put cost segregation strategies to work!) If not, get ready to take notes, rewind the episode at times, and learn how real estate investors use cost segregation for advanced tax planning!

Erik shares his background and how he got involved in the industry, emphasizing the importance of educating investors on this tax-saving strategy.

We're lucky to have Erik's expertise on the show to provide some real-world examples of how cost segregation can make a big difference for real estate investors. He explains the process of conducting engineering-based cost segregation studies and how it allows investors to accelerate depreciation deductions. We discuss how bonus depreciation makes this strategy applicable to smaller properties.

We also dig into the "short term rental loophole" and how it can help passive investors.

Throughout this episode, you will learn actionable insights, all while Jason shares his real-world experience as a client.

Whether you're an experienced investor or just learning, this episode is full of practical tax strategies you'll want to explore.

Things we discussed in this episode:

- Erik Oliver's background and how he got involved in cost segregation.

- Jason learned about cost segregation from Erik at a conference.

- How cost segregation studies work and accelerate depreciation deductions.

- Changes to bonus depreciation under the Tax Cuts and Jobs Act.

- Impact of bonus depreciation on real estate investors.

- Conducting virtual cost segregation studies during COVID-19.

- Documentation requirements for cost segregation studies.

- Jason and Rory's experience with a cost segregation study.

- The "short-term rental loophole" tax strategy.

- Finding one's passion and avoiding costly mistakes in real estate.

Get in touch with Erik:

Website - https://costsegauthority.com/

Email - [e-mail]

Linkedin - https://www.linkedin.com/in/erik-oliver-b800657

#realestatepodcast #realestate #realestateinvesting #realestateinvestor #realestatelaw #CostSegregation #RealEstateTaxStrategies #DepreciationDeductions #BonusDepreciation #TaxSavings #VirtualTaxServices #IRSCompliance #ShortTermRentalInvesting #FindingYourPassion #LearningFromMistakes

Follow Us!

Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for another episode of The Real Estate Law Podcast!

Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.

The Real Estate Law Podcast Website and on Instagram and YouTube

Prideaway Stays Website and on Facebook and LinkedIn

Straightforward Short-Term Rentals Website and on Instagram

Attorney Rory Gill on LinkedIn

Jason Muth on LinkedIn

This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.

Hospitality.FM

The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!