Apr 3, 2023
Bernard Reisz, CPA is a financial strategist and educator at ReSureFinancial.com who helps real estate investors elevate their ROI and wealth growth by leveraging real estate title and tax tools. He serves as the Chief Education Officer at ReSure Financial, where he curates a website to educate investors on topics like 1031 Exchange, Cost Segregation, and 401k/IRA. Bernard's expertise in financial, tax, real estate, and legal topics has made him a sought-after guest on numerous forums, where he shares his straight-talk and unique insights on various aspects of real estate tax matters. He is well-versed in advanced tax strategies such as UBIT, UBTI, UDFI, 453 Installment Sales, and more.
Are you interested in real estate investing, but feeling overwhelmed by the various tools available? In this episode, we sit down with Bernard from Reshore Financial to learn about the importance of title and escrow in real estate transactions. From clearing title to settlement statements, Bernard emphasizes the need for expertise, communication, and responsiveness during the closing process. But that's not all - we also dive into the world of depreciation deductions and cost segregation studies, exploring how investors can take advantage of accelerated depreciation in year one. Whether you're a beginner or a seasoned pro, this podcast will give you valuable insights into the tools available for real estate investing success. Tune in now!
[00:01 - 06:28] What are The Different Tools in Real Estate Investing
[06:29 - 12:45] Understanding the Importance of Settlement Statements and Title Insurance in Real Estate Transactions
[12:46 - 19:17] Maximizing Tax Benefits through Cost Segregation Study and Proper Allocation Analysis
[19:18 - 26:42] Closing Segment
“Real estate provides awesome depreciation deductions.” – Bernard Reisz
“So a key part of tax strategy and to be able to claim depreciation deductions if you wanna get them for the current year, is make sure that it's at least available to rent.” – Bernard Reisz
You can connect with Bernard Reisz through his:
Social Media: LinkedIn
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To learn more about me, visit my LinkedIn profile, and connect with me.