Maximizing Real Estate Tax Savings: The Power of Cost Segregation

The Same Day Podcast

Erik Oliver is the Vice President of National Accounts at Cost Segregation Authority, a national provider of cost segregation services. These services assist building owners in maximizing tax benefits and aid accountants and CPA firms by providing services to their clients who have constructed, bought, expanded, sold, or remodeled depreciable real estate. With a solid accounting background, Erik is a member of the relationship management team, where he educates commercial real estate owners nationwide on tax deductions through specialized depreciation strategies. His practical knowledge and ability to simplify complex tax incentives make him a sought-after speaker at regional and national events. His work helps real estate investors accelerate depreciation, minimize tax liabilities, and optimize wealth building.

In this episode…

Real estate investors are always looking for strategies to maximize their returns and minimize their tax liabilities. One powerful but often underutilized method is cost segregation, which can significantly accelerate depreciation deductions. But what exactly is cost segregation, and how can it benefit you?

According to Erik Oliver, a leading cost segregation expert with a background in accounting, cost segregation is an engineering-based study that reclassifies assets to accelerate depreciation. He highlights that this approach allows property owners to take substantial tax deductions in the early years of ownership, freeing up capital for reinvestment. This method is particularly beneficial in reducing taxable income and enhancing cash flow, thereby offering a strategic advantage for real estate investors. Erik also addresses common misconceptions, emphasizing the importance of detailed studies to avoid leaving money on the table.

In this episode of The Same Day Podcast, host Mat Zalk sits down with Erik Oliver, Vice President of National Accounts at Cost Segregation Authority, to discuss maximizing tax savings through cost segregation. They talk about how cost segregation works, its significant tax benefits, and how it fits into broader investment strategies. Erik also addresses common myths and misconceptions and shares practical steps for implementing this strategy to optimize tax savings.