Maximizing Tax Benefits in Real Estate Investing with Bernard Reisz

Apr 5, 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 a real estate investor looking to optimize your taxes and maximize your deductions? In this episode, we bring together industry experts to explore the complex world of taxes and how they impact your real estate investments. From land allocation in cost segregation studies to understanding tax rates and state conformity to federal bonus depreciation, our speakers discuss key factors and share strategies like 1031 exchanges and cost segregation studies to mitigate taxes. They emphasize the need to work closely with CPAs and tax professionals to prepare for complex taxation issues, and even touch on retirement accounts and the impact of bonus depreciation. Whether you're a new investor just starting out or an experienced pro looking to hone your skills, tune in to this episode to stay up-to-date on best practices for optimizing your taxes.

 

 

[00:01 - 07:55] The Importance of Cost Segregation

• Land allocation is a key factor in cost segregation studies
• Actual tax rates and state conformity to federal bonus depreciation affect the true benefit of cost segregation deductions
• Time value of money is crucial in real estate investing, and tax planning can help maximize returns

 

[07:56 - 16:16] Maximizing Tax Deductions in Real Estate: Strategies and Risks to Consider

• Tax deductions can be used to offset gains in real estate investments
• Buying bigger assets creates even bigger deductions
• Not claiming allowable depreciation can lead to recapture in the future
• Adjusted tax basis is important in calculating true gain from a property sale

 

[16:17 - 24:49] Understanding the Impact of Cost Segregation and Bonus Depreciation on Retirement Accounts 

• Land does not depreciate, so only allocated amount remains
• Short-term gains taxed at ordinary income rates, long-term gains have varying rates
• Bonus depreciation may or may not benefit retirement accounts

 

[24:50 - 29:09] Closing Segment

• Cost segregation is a no-brainer for syndicated deals
• Listeners can visit resurefinancial.com and members.resurefinancial.com to learn more about Bernard and his work

 

 

Tweetable Quotes:

“The cash flow comes into the retirement account.” – Bernard Reisz

 

“Every investor is gonna be impacted by cost segregation differently based on our tax plan.” – Bernard Reisz

 

You can connect with Bernard Reisz through his:

Email: [e-mail]

Social Media: LinkedIn

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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