Episode 5

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Published on:

13th Mar 2020

Maximizing Depreciation

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!

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About the Podcast

Flipping Awesome Podcast

Flipping Awesome Podcast is about the stories of those brave entrepreneurial people who have bought, rehabbed, held or sold investment real estate. It can be a scary proposition. You have a lot of money and time on the line. If it goes well, you can...

Flipping Awesome Podcast is about the stories of those brave entrepreneurial people who have bought, rehabbed, held or sold investment real estate. It can be a scary proposition. You have a lot of money and time on the line. If it goes well, you can make good money and achieve dreams of financial independence and professional growth. If it goes poorly, you can set you’re your financial health by years and dim hopes of retirement and financial freedom. These are those stories…good…bad…or otherwise.Flipping Awesome Podcast is not meant to be “how-to” to become an investment real estate titan. Rather, we want to take you inside the financial and let investors tell their own and real stories about what they have done, how they did it, and their outcomes…warts and all. Celebrate the victories and a nurse the injuries along with real estate investors across the country. Our podcast tells the stories, our membership web site gives you video content, worksheets, blogs, and other helpful information to tell the full story of investment real estate. Who knows…maybe we are going to be telling your story next!Flipping Awesome Podcast is hosted by Marshall Saunders and Heather Foss. If you'd like to ask them a real estate investment question to be played on the podcast, call (612) 352-9177. Please visit our website at FlippingAwesomePodcast.com.

About your host

Marshall Saunders

Marshall is a podcast producer living in St Paul, MN. Currently, his company, Minnesota Podcasting LLC, produces 30 podcasts.