Maximizing Tax Savings with Cost Segregation: Insights from Joseph Viery
The Cashflow Project · The Cashflow Project
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Show Notes
Welcome to The Cashflow Project! Today, we have Joseph Viery, a tax expert and entrepreneur, on the show. Joseph shares his insights into cost segregation, a powerful tax strategy that allows investors to accelerate depreciation and increase their deductions. He also reflects on his journey and the challenges that come with success. So, whether you're an experienced investor or just starting out, this episode is packed with valuable information to help you navigate the world of real estate and optimize your cash flow.
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00:01:14 Cost segregation, industry changes, and tax guidance.
00:05:26 Real estate cycle brings challenges and opportunities.
00:07:42 Tax savings benefit takes a few years.
00:09:37 Depreciation: property value divided by certain years.
00:16:11 1031 exchange freezes property value for eternity.
00:18:33 Potential future benefit - if earnings allow.
00:21:53 Depreciation recapture is 25%; hold property for 1.5-2 years.
00:24:26 Powerful tax strategy for active investors.
00:29:38 Mindset is key to financial success.
00:32:17 Cost segregation allows you to carry losses forward.
00:33:37 Please review and share our show for value.
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