Mastering Cost Segregation: Expert Strategies for Tax Efficiency

FIREchat Podcast

Join us on this insightful podcast episode with tax advisor Isaac Downing as we delve into the intricacies of Cost Segregation, its benefits, and its impact on tax liability. From discussing engineer-based tax strategies to exploring bonus depreciation and its implications, we cover key aspects of tax planning for real estate professionals. Gain expert insights into investing strategies, minimizing tax liability, and optimizing tax savings. Whether you're a seasoned investor or new to the game, this episode offers valuable tips and strategies to enhance your financial planning.
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0:27 - Introduction to Isaac Dow, expert in tax strategies and cost segregation
1:28 - Overview of Cost Segregation: understanding the concept and its benefits
1:58 - Strategies Behind Investing
3:38 - Engineer-Based Tax Strategies
7:23 - Bonus Depreciation
18:28 - How Cost Segregation Impacts Tax Liability
20:25 - Real Estate Professionals & understanding of long-term vs short-term rentals
24:00 - Understanding Taxation: tips and strategies for minimizing tax liability
27:00 - Ways to Minimize Tax Liability: expert advice on optimizing tax savings
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"FIREchat" is hosted by Rich Rice. As the founder of the FIRE Center, Rich's dedication to community building and knowledge-sharing has created a haven for those eager to learn and better themselves. However, his journey to success wasn't a straight line. Overcoming significant personal, financial, and career challenges - he eventually found his calling in real estate coaching. Now, he's committed to guiding others on their path to success, showing it's possible to rebuild and thrive; especially when dreams become plans and plans become actions!
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