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Deduct Yourself Before you Wreck Yourself - Cost Segregation for Property Managers
Episode 314
What if you could take out a loan with 0% interest and invest that money for as long as you own your investment property? This is something that cost segregation can help real estate investors do.
In this episode of the #DoorGrowShow, property management growth expert Jason Hull sits down with Daniel Boyd from CSSI Services to talk about cost segregation, one of the most powerful ways to uncover hidden tax savings for property owners and managers.
You'll Learn
[03:10] How Cost Segregation Works
[08:54] Recent Changes to Depreciation Rules
[11:59] Why Real Estate Investors Should Care About Cost Segregation
[18:33] The Importance of Working with Tax Experts
Quotables"The big idea here is there's things in the property that wear out fast and there's things that that wear out slow."
"We love deductions because we want to pay as little tax as possible."
"Wouldn't it be great to take a $100,000 loan with 0 % interest, invest it for as long as you own the property?"
Resources TranscriptDan Boyd (00:00)
Wouldn't it be great to take a $100,000 loan with 0 % interest, invest it for as long as you own the property? And then when you sell the property, you give the loan amount back and you keep whatever you made on that investment.
Jason Hull (00:06)
I'm Jason Hull, CEO and founder of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. We have been helping people for over a decade and a half.
At DoorGrow, our mission statement is to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now, let's get into the show. My guest today is Dan Boyd. We're going to talk about cost segregation, one of the most powerful ways to uncover hidden tax savings for property owners and managers.
you'll learn how to accelerate depreciation, apply repair regulations, and know when expenses can be written off immediately. These strategies can help you improve client cashflow, strengthen relationships, and stand out in the market. All right, Dan, welcome to the DoorGrow Show. Thanks so much for being here with you. So Dan, before we get into cost segregation, which is an interesting subject, that's...
Dan Boyd (01:10)
Thanks so much. Great to be here with you.
Jason Hull (01:19)
They had some changes recently, right? There's been some changes in depreciation thanks to Mr. Trump and all this stuff going on, right? The president, I think. So I'm curious what you have to say about that. But tell us, how did you get connected to this business? Give us some backstory on Dan.
Dan Boyd (01:36)
Sure, yeah, it's a little funny. I meet, you
bet, I meet people from time to time and they say, how on earth did you get into this line of work? Because it's not like anybody goes to school to work in cost segregation or at least cost segregation sales. know, tale as old as time, I knew somebody. And so I was working in the nonprofit sector. My goal was to become a superintendent.
Published on 1 week ago