Capitalizing on one of the strongest tax benefits of real estate investing with Isaac Weinberger

Passive Real Estate Strategies

Unleash the secret weapon for real estate investors to supercharge their tax savings and unlock capital for reinvestment. Join us as we dive into the transformative world of Cost Segregation studies with expert Isaac Weinberger. Get ready to demystify the process and uncover the astonishing benefits that await savvy investors. Prepare to be amazed as we unveil how Cost Segregation can write off up to 50% of your investment cost in the very first year. Discover its power to offset ordinary income or even a spouse's W2 income when filed jointly. But that's not all – combine Cost Segregation with 1031 exchanges to further slash capital gains taxes and depreciation recapture. Unlock the strategies to keep liability at bay with 1031 exchanges and new property investments. Learn the secrets of bonus depreciation and partnership agreement terms that allow you to distribute depreciation to those who can't directly benefit but still contribute to others' success. Discover why harnessing all the depreciation upfront can be your key to advantage, unleashing liquid cash and crucial tax deferrals. And don't forget to uncover the essential tips for finding a top-notch CPA or cost segregation engineer for your real estate transactions. Tune in now to unleash the full potential of Cost Segregation and witness how it can revolutionize your real estate investment journey.

Let's dive in! ​​​​​​​

Key Highlights:

[00:00 - 06:02] Maximize Your Tax Benefits with Cost Segregation

• Taxes are one of America's largest personal expenses and this episode discusses how to capitalize on tax benefits

• Isaac Weinberger is a specialist at Cost Segregation, which can save money and get incredible tax benefits

• Cost Segregation accelerates your depreciation, allowing you to take more in year one and reinvest the excess cash

[06:03 - 11:39] Understanding Cost Segregation

• Cost segregation is a tool utilized by sponsors to identify components of a property that can be taken on a faster track for depreciation

• Congress implemented a tax savings bonus in 2017 which allowed for all five and 15 year components to be taken on year one

• Real estate professionals can offset ordinary income, W2 income, and spouses W2 income if filed jointly

[11:40 - 17:06] Maximize Your Tax Benefits with Real Estate Professional Status and Offsetting Passive Proceeds

• Passive proceeds can include stock market, Tesla, Apple and other investments

• Syndicators can leverage depreciation to offer potential investors higher returns per dollar investment

• Depreciation benefits can be taken all at once or spread out over time

[17:07 - 23:51] Unlocking the Value of Cost Segregation

• IRS thinks investors will hold onto property for an entire lifespan

• Time value of money: take up front depreciation benefits rather than spread out over 30 years

• Stay active in real estate investing to keep pushing tax liability down the road

Key Quotes:

"If you do a cost saving of property and then you sell it and you're about to get hit with the depreciation recapture, if you had 10 31." - Isaac Weinberger

“If your spouse is a passive partner in your business, that's called passive proceeds.” - Isaac Weinberger

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