Real Estate Money School

Why Your Real Estate Profits Are Vanishing To Taxes and How To Fight Back w/Jeff Hiatt

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Synopsis

Real estate investing is supposed to build your wealth. So why does it feel like you're building the IRS’s bank account instead? You're hustling, buying properties, managing tenants, and navigating deals. Then tax season hits, and you’re writing big checks to the government. What if you had a legal way to keep more of your money? Well, there is, and it isn’t new; it’s been around for decades. CPAs know it and the wealthy definitely use it. It’s called cost segregation.  Cost segregation is a tax strategy that breaks down your property into components and depreciates them faster. That means more write-offs, bigger deductions, and less money to the IRS.  All 100% legal, all by the book. But how exactly does it work? What’s the process behind it? Is it only for big, commercial buildings? In this episode, I’m joined by Jeff Hiatt, Director of New Business Development at MSC Consultants and a cost segregation expert. He breaks down what cost segregation is, how it can unlock significant tax savings, and why this p