Manage episode 291179318 series 2685175
The word "taxes" inspires fear from all types of investors, but especially in Chicago. From income tax, to property tax, we’re paying a lot. Depreciation is one of Real Estate’s greatest benefits, and there is a way to maximize that benefit immediately. Cost Seg Kev is here today to explain what cost segregation is and how it can be used to offset your tax liability. If you’re not trying to save hundreds of thousands of dollars from here on out, well, this isn’t the episode for you. Listen in and if you learned something, please share us with someone who can also benefit.
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Guest: Kevin Cawley of Cost Segregation ServicesSponsor: Puleo Group Sponsor: Appeal.tax Link: The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life Link: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series) Link: David Pezzola of the Icarus Investment Group | Call David: 773-931-6498
How did you get started? 6:00
What is depreciation? 10:00
What asset classes depreciate at 39% vs 27.5%?
What is the benefit of cost segregation to an investor? 15:15
What kinds of things are broken out for smaller multifamily? 16:30
Is this right for everyone? 19:45
Is there a minimum threshold for when this makes sense? 23:45
How does the pricing structure for cost segregation studies work? 27:00
What are questions someone should ask when getting a cost seg offering? 33:00
What has been your competitive advantage? 35:25
What is one piece of advice you’d give? 36:40
Wrap Up Questions
What do you do for fun? 37:30
Self development recommendation? 38:00
Network Recommendation? 38:45
How can we learn more about you? 40:00
That’s our show, thanks so much for listening! Tune in next week!
If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.
Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.