Have you purchased your first investment property? What are the tax strategies you plan to use? Have you considered Cost Segregation? If you are thinking of investing in Real Estate, you will need some tools and resources to help you succeed.

The IRS (Internal Revenue Service) Tax Code contains many sections dealing with Real Estate. Changes based on the Tax Cuts and Jobs Act have pumped certain Real Estate concepts, such as Depreciation, Cost Segregation, and Bonus Depreciation, to new levels.

Those with Real Estate Professional Status can take advantage of these changes. How long will Bonus Depreciation remain accelerated? Is it a good think to use Cost Segregation if you are going to be selling the real estate property in a short amount of time? What is the process for obtaining a Cost Segregation study? All that and more as Justin Ckezepis of Today's Real Talk sits down with Yonah Weiss to discuss Cost Segregation in Real Estate.

References 

Yonah Weiss: https://www.yonahweiss.com/

Tax Cut and Jobs Act: https://www.govinfo.gov/content/pkg/BILLS-115hr1enr/pdf/BILLS-115hr1enr.pdf 

IRS Tax Cuts and Jobs Act - Comparison for Businesses: https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses 

IRS Cost Segregation Audit Techniques Guide: https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction 

Today's Real Talk: https://www.TodaysRealTalk.com 

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Chapters

0:00 - 3:33: Talking w/Justin Today

3:33 - 7:17: Intro w/ Yonah Weiss

7:17 - 16:57: Top Terms in Cost Segregation

16:57 - 19:49: Real Estate Professional Status

19:49 - 23:38: Breaking Down Financials in a Cost Segregation Analysis

23:38 - 25:34: Ground Up Development vs. Value Add Property

25:34 - 28:18: The Cons of Doing Cost Segregation

28:18 - 31:51: What is Depreciation Recapture?

31:51 - 33:51: 1031 Exchanges and Off-Setting Gains & Losses with a Lazy 1031 Exchange

33:51 - 34:57: The Important of Real Estate Teams

34:57 - 36:34: Who currently uses Cost Segregation?

36:34 - 38:34: The Short Term Rental Loophole

38:34 - 41:20: The Future of the Real Estate Market and Cost Segregation

41:20 - 43:51: Adoption of Cost Segregation in the Marketplace

43:51 - 44:33: Outro w/ Yonah

44:33 - 47:31: Q&A #1: What is the future of the Real Estate Market in North Carolina?

47:31 - 49:04: Q&A #2: What type of taxes do I pay when earning $ in real estate?

49:04 - 53:15: Q&A #3: When are you financially prepared to buy a home?

53:15 - 54:04: Wrap Up & Outro