Leveraging Cost Segregation for Tax Savings Case Study Pt.II with Terry Judge - Episode #290

In The Lab with Ruben Kanya

Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr Welcome to the lab, and today, we bring back Terry Judge, CEO of CORE, for a deep dive cost segregation case study on our own properties. In this enlightening episode a follow up from episode #286 where Terry discussed the maximizing tax benefits from cost segregation, in this follow up episode, Terry peels back the curtains on the benefits that cost segregation can have on an investor like you by using our properties as real time case study. This cost segregation case study alone in our situation gave us a $50,000+ check from the IRS which we will be able to utilize for another investment. From understanding the basics to diving into detailed strategies, Terry explains how cost segregation can supercharge depreciation and provide substantial tax savings for YOU.

Terry discusses the importance of timing and the different categories of property for depreciation. He also covers the benefits of doing a cost segregation study and how it impacts both short-term and long-term rental properties. Terry provides real-life examples, including a case study of properties owned by the host, to illustrate the powerful financial impact of cost segregation.

Whether you're a seasoned investor or just starting out, this episode provides invaluable insights into optimizing your real estate investments through strategic tax planning. Join us as Terry Judge breaks down the complexities of cost segregation and reveals in this case study how you can maximize your tax benefits.

HIGHLIGHTS OF THE EPISODE:

07:29 - Terry talks about cost segregation benefits.

18:59 - Terry talks about why you need a cost segregation study

KEEPING IT REAL:

04:00 - Importance of timing in cost segregation

06:00 - Different property categories for depreciation

08:15 - Real-life examples of cost segregation benefits

10:00 - How cost segregation impacts short-term rentals

12:30 - Detailed case study of short-term rental properties

15:00 - Importance of strategic implementation

18:45 - Benefits of doing a cost segregation study

21:00 - Financial impact on long-term rental properties

23:15 - Key takeaways and practical advice

25:00 - How to get started with cost segregation

27:00 - Wrapping up and connecting with Terry Judge

CONNECTING WITH THE GUEST

Website: https://coresolutionsgroup.net/

Linkedin: https://www.linkedin.com/in/coresolutionsgroup/

Instagram: https://www.instagram.com/terry_judge/?hl=en

Email: [email protected]

#CostSegregation #TaxBenefits #RealEstateInvesting #DepreciationStrategies