Flipping Awesome Podcast

Maximizing Depreciation

March 12, 2020 Marshall Saunders & Heather Foss Season 1 Episode 5
Flipping Awesome Podcast
Maximizing Depreciation
Chapters
Flipping Awesome Podcast
Maximizing Depreciation
Mar 12, 2020 Season 1 Episode 5
Marshall Saunders & Heather Foss

The world of real estate investing has its positives and negatives, but few things are more universally positive as depreciation. A simple idea, really. The IRS agrees that your building is falling apart. Turning to dust, actually, and it will be worthless (if it is used in any way residential) in 27 and a half years. So, the IRS lets you take depreciation based on that timeline off your taxes every year. Pretty simple, right. But then there comes the idea of accelerated depreciation, which is where you can take individual parts of your building (and the percentage of the building they represent) and depreciate them on a tighter timeline. Just another trick you should have up your sleeve as an investment real estate entrepreneur. Hosts Heather Foss and Marshall Saunders wander into the subject of depreciation and quickly get lost, but they welcome guest Jodi Nielsen from Cost Segregation Services Inc. to help get back on track.

Jodi Nielsen can be found at Cost Segregation Services, Inc: 651-210-1921; jodi.nielsen@costsegregationservices.com; www.superiorcostsegregation.com

Visit the Flipping Awesome Podcast web site at flippingawesomepodcast.com. Please hit subscribe wherever you found our podcast and rate and review our show!

Show Notes

The world of real estate investing has its positives and negatives, but few things are more universally positive as depreciation. A simple idea, really. The IRS agrees that your building is falling apart. Turning to dust, actually, and it will be worthless (if it is used in any way residential) in 27 and a half years. So, the IRS lets you take depreciation based on that timeline off your taxes every year. Pretty simple, right. But then there comes the idea of accelerated depreciation, which is where you can take individual parts of your building (and the percentage of the building they represent) and depreciate them on a tighter timeline. Just another trick you should have up your sleeve as an investment real estate entrepreneur. Hosts Heather Foss and Marshall Saunders wander into the subject of depreciation and quickly get lost, but they welcome guest Jodi Nielsen from Cost Segregation Services Inc. to help get back on track.

Jodi Nielsen can be found at Cost Segregation Services, Inc: 651-210-1921; jodi.nielsen@costsegregationservices.com; www.superiorcostsegregation.com

Visit the Flipping Awesome Podcast web site at flippingawesomepodcast.com. Please hit subscribe wherever you found our podcast and rate and review our show!