Podcast: Play in new window | Download | Embed
Cost segregation is often overlooked but is a useful as a value-add proposition and can lead to significant tax savings. Today, we talk all about it.
Resource
Check Out Cost Segregation Authority
The Listing Advocate (Earn more listings!)
Transcript:
00:02:38:11 – 00:03:09:09
Unknown
So how do you attract new business? You constantly don’t have to chase it. Hi, I’m Mike Webster, Real Estate Marketing Dave. And this podcast is all about building a strong personal brand. People have come to know like trust and most importantly, refer. But remember, it is not their job to remember what you do for a living. It’s your job to remind them, Let’s get started.
00:03:09:16 – 00:03:35:03
Unknown
What’s up? Ladies and gentlemen, welcome to the episode of the Real Estate Marketing Dude podcast. Folks, we’ve been walking around or walking around talking about and around the shift in this marketplace and what the hell you as a real estate agent are going to do to actually earn your split. There’s a huge lawsuit going on. A class action settlement.
00:03:28:02 – 00:03:50:14
Unknown
Looks like it’s got some legs in the market. We’re dealing with fucking 8% interest rates. And let’s be honest, the transactions are down. We’re at number 60,000 real estate agents have left the industry so far, and these times are times that you want to look forward to, believe it or not, because it’s during the shifts that you actually gain market share and make moves.
00:03:48:00 – 00:04:16:11
Unknown
This is when people start making money, but not the ones that sit and do absolutely nothing and still doing the same shit you’re doing 25 fucking years ago. So what we’re going to be really chatting about today is how you sharpen your skill set as a real estate agent, a lender, anyone within this marketplace, because your broker ain’t going to save you out of this shift.
00:04:05:03 – 00:04:39:04
Unknown
Who’s going to save you is your own skill set. And a lot of times, I mean, you’re going to get off your butt and learn something new and start providing more value in a market with high inflation and costs. I mean, gas today, I just spent $140 filling up my truck in gas. I’m in San Diego. People want to learn how to save money, period.
00:04:25:24 – 00:05:03:06
Unknown
There’s not a better time than to learn what we’re going to talk about today because it has everything on how to save money for your already existing clients. Much of what you could be using for content right now in this day and age, because nobody one of the things that’s resonated the most is how do you help people navigate the mess of the economy we’re in and the save money?
00:04:44:20 – 00:05:03:06
Unknown
So without further ado, we’re going to go ahead and introduce our guest, Mr. Eric Oliver, who’s an expert on cost segregation. And I’m going to let him tell you what that is in a second. So why did you say hello to our guests? So a little bit about yourself and what we’re going to talk about why the House is so important today.
00:05:00:14 – 00:05:46:18
Unknown
Because it is. Yeah, no thanks. My pleasure being here. My name is Eric all over. I’m with a company called Cost Segregation, and we work with investors, brokers, agents, CPAs across the country helping their clients or helping them save money, save tax dollars through their real estate that they currently hold. And so the way we do that is something called cost segregation, which really is just accelerated depreciation on your real estate holdings.
00:05:28:19 – 00:06:05:03
Unknown
So one of the benefits of owning real estate is you get to depreciate that or take an expense every year. However, that expense typically gets spread out over either 27 and a half or 39 years. And so what we like to tell clients is, listen, I may not even own the building in 27 and a half years, let alone be alive.
00:05:47:19 – 00:06:22:13
Unknown
The way my wife tells me I eat, I probably won’t even be alive in 27 and a half years. So I want my deductions now versus letting the IRS hold on to these. And that’s what we do through cost segregation is accelerate those deductions. Interesting. So in other words, you could people if you owned real estate and three realtors and everyone who’s on this podcast, you’re in the real estate space, you can save your clients money and shit.
00:06:13:13 – 00:06:39:15
Unknown
They didn’t know you could save them money on before. And you’re talking about creating a value add and trying to create buzz and trying to add value in today’s market. Tell me more and who is your ideal client for This is just a homeowner living. There are these are these real estate investors that have investment properties and is there a difference?
00:06:28:24 – 00:06:58:01
Unknown
Sure. So kind of our our ideal customer would be somebody who owns real estate. So usually it’s the investor themselves, not so much the tenants or the people living there. It’s only the appreciation, only work. So you can only take advantage of it on revenue generating properties. So can’t be your primary residence, but any investment property, the way it works is when you buy a property, you don’t just buy the land and the building.
00:06:54:21 – 00:07:28:19
Unknown
Think about like a single family residential unit, for example. So I buy that. Let’s say I spend 500,000 on it. I’m buying the building in the land, but I’m also buying a bunch of carpet, I’m buying some appliances, I’m buying some cabinets, I’m buying a sprinkler system, my buying a driveway, all those things I mentioned, the IRS says should be depreciated at a faster rate than 27 and a half years.
00:07:17:14 – 00:07:47:19
Unknown
Now, the problem, Mike, is when you give that closing statement to your tax preparer that says you bought this residential unit for 500,000, your CPA, your tax preparer, they don’t know the value of the parking lot. They don’t know the value of the driveway, they don’t know the value of the appliances. What we do, that’s what we do is we come in and we take that $500,000 purchase price and we segregate those costs, thus cost segregation.
00:07:41:16 – 00:08:04:22
Unknown
We segregate those cost into different buckets, which now allows your CPA to depreciate all the appliances over five years versus 27 and a half. And we put a value to those. So we say, okay, of that 500,000 you spend, you know, 40,000 of that was for appliances, you know, 80,000 of that was for a driveway, for the cement, for the sidewalk, all those different components.
00:08:04:10 – 00:08:33:19
Unknown
And so that’s what we’re that’s the service we provide as we work with investors and CPAs and brokers on accelerating the depreciation. And now why is it so important for real estate agents and brokers? And the reason for that is it just is one more one more tool that differentiates you from the next guy, right, or the next gal.
00:08:25:03 – 00:08:54:16
Unknown
So being able to tell your client, hey, I know you’re looking at purchasing this property, but what if we can free up $80,000 of cash flow by doing cost segregation once you purchase this? Or better yet, not to get too far in the weeds, Mike, but you’ve got a client who comes to you and says, I want you to sell my property.
00:08:43:13 – 00:09:17:02
Unknown
There’s an opportunity to save him tax dollars upon sale by doing cost segregation. And so they come to you and say, Hey, wait, I want to list my property with you. I’ve owned it for ten years. I bought it for a million. I’m selling it for 2 million. I want to list this with you. What if you go back and say, okay, I’ll list it, but not only am I going to list it, but have you considered cost segregation?
00:09:00:23 – 00:09:35:18
Unknown
Because I think you can save 80,000 in taxes upon sale. And so there’s a number of reasons why this is important, but those are kind of the main reasons accelerated depreciation and then decreasing the tax liability upon self for some of your clients. This is amazing. I’ve been in real estate for 20 years and I didn’t know about this.
00:09:18:00 – 00:09:55:13
Unknown
So like, this is really cool because I don’t know, I don’t know about this and I’m going to assume like I’m pretty fucking advanced, like I know my shit. All right, So if I didn’t know about this, I’m assuming the vast majority of people are listening. Don’t know about this either. But you know what? I’ve got a great value add to having folks I’m really talking about here.
00:09:36:11 – 00:09:55:13
Unknown
And if you go back to this, the last few upsells are really talk. You got to define your brand and your your value in this market. And one of the in any shift like this what always happens is going to be that the investor market is going to be the one that’s going to feed you throughout the next couple of years.
00:09:52:08 – 00:10:21:10
Unknown
That’s just the way it is, because people are deal with 8% interest rates and they’re you know, you want to work with investors during times like these. I’m telling you, that’s where they’re still doing a lot of transactions. The interest rate doesn’t affect the cash buyer as much as it does a finance buyer today. And that’s why that’s where the volume is going to be.
00:10:07:04 – 00:10:43:14
Unknown
So but the point being is like, all right, what’s the difference between you and them? You know, me people, I ask this to Eric like what I would brand agents are different business and I know Kevin answers question like what’s the difference between you and every other agent in your marketplace right now? And they’re all like, Well, I’m going to do a good job.
00:10:26:04 – 00:10:43:14
Unknown
I that by, you know, customer service. A customer service, yes. We know that you have to have customer service that’s that’s inferred. But this is the type of stuff that we’re talking about. Is it the riches are in the niches. And the one that actually knows and is most knowledgeable is always the ones I in demand. That’s why doctors get paid so much money.
00:10:43:07 – 00:11:16:13
Unknown
This is a my quote is Billie Jean said this once. This is like the doctors get paid a lot of money because there’s only so many doctors. If they’re cleaning houses, they wouldn’t be paid the amount of money as they are. And that makes a lot of sense. This is a skill set and people who have skills get paid, folks.
00:10:56:24 – 00:11:16:13
Unknown
So I want to put this in a context, and I see you’ve got a couple of case studies on your site, so I just want to walk through and tell them in a story, I’m going to pick a case study from your site and just walk through how this would work. And you probably know the one I’m going to grab is going to be the residential rental one.
00:11:12:04 – 00:11:36:07
Unknown
And let’s just walk through in context how this actually works. All right. So I’m a real estate agent. I have a client. I bought a investment property, residential. It’s under four units. And in this particular case study, walk me through I’m going to walk me through what I would do, my involvement on this case study and how I would literally one up like my competition store.
00:11:33:01 – 00:12:02:12
Unknown
So so, for example, you’ve got a client, they buy a four plex, for example. I don’t know the exact numbers on the case study online, so I’m just going to use numbers that they’re describing. So I don’t have the calculator out. But let’s say you buy a four plex, let’s say you buy it for $1,000,000. Let’s say it’s a million X, let’s call it 1,000,002, because one thing we do need to mention is land is not depreciable.
00:11:55:12 – 00:12:24:09
Unknown
So you always have to back out the land value. So you buy it for a million to let’s say that land is worth 200,000. So you’ve got $1,000,000 of depreciable basis. That million dollars. If you don’t do cost segregation, you’re going to take that million dollars, You’re going to divide it by 27 and a half years, and that’s going to be your write off every year.
00:12:14:03 – 00:12:45:23
Unknown
So I’m just going to plug that in my calculator. 27.5 You’re going to get a is that right? Yes. You’re going to get a $36,000 write off every year for the next 27 and a half years, which is great. That’s why a lot of people get into real estate this $37,000, $36,000 write off that acts as an expense.
00:12:33:23 – 00:13:04:16
Unknown
So let’s say I make $136,000 a year instead of me being taxed on 136,000, I’ve got this $36,000 expense. So now I’m only taxed on 100,000. So again, if I’m in a 30 30% tax bracket by reducing my taxable income by 36,000, I just saved $10,000 in taxes. That’s without cost segregation, just standard by 1/27 of a deduction.
00:12:59:20 – 00:13:30:04
Unknown
What we do with segregation, what we propose is that again, when I buy that four plex, I also bought some dishwashers, some flooring, some window coverings, some ceiling fans, all those different components that the IRS says, hey, that stuff doesn’t last 27 and a half years. And so we typically, when we do our cost segregation studies, we typically segregate around 30% of that.
00:13:21:24 – 00:14:28:19
Unknown
So on $1,000,000 asset, 30% of that is 300,000. So $300,000 of your million dollar asset, we’re going to put it in shorter asset lives, five, seven and 15 year assets, the five and seven year as all your internal stuff washers, dryers, appliances, flooring, etc.. Then you’ve got a 15 year category, which is all your land improvements, curbs, gutters, asphalt, all the exterior stuff by moving or segregating those items and putting them in shorter life buckets, I’ll say it allows us to take that depreciation at a much faster rate.
00:13:54:23 – 00:14:28:19
Unknown
Now, before we go on, Mike, we probably should talk about bonus depreciation because that has a huge impact on cost segregation. Bonus depreciation has been around for a long time. The government uses bonus depreciation to stimulate the economy. So when the economy’s not doing well, they say, Hey guys, we’re going to give you a bigger write off if you go out and buy stuff.
00:14:14:17 – 00:14:52:21
Unknown
And so again, bonus depreciation has been around for a long time. It’s anywhere from 10% bonus up to 100%. Bonus Rewind a little bit to 2017, Donald Trump was our president. Donald Trump owns a boatload of real estate. Donald Trump revised the tax code and when he did so, he took bonus depreciation and made some changes that really amplified the amount of tax savings that a investor could have on their real estate.
00:14:40:22 – 00:15:20:24
Unknown
So two things changed. One is they changed it from 50% bonus at the time to 100% bonus. What that means, Mike, is that any asset that has a useful life of 20 years or less is eligible for 100% bonus. So if I go out and buy a truck today and it’s a certain size truck, I can then write off that whole truck 100% of it in the first year.
00:15:02:19 – 00:15:39:15
Unknown
I don’t have to spread it out over the useful life of that truck. That’s interesting. Yes. So that’s the first thing. The second thing to remember, it has to have a useful life of 20 years or less. So real estate normally is 27 and a half or 39. So this is why a lot of tax preparers don’t think bonus applies to real estate because they’re like, Well, this is a 27 and a half year residential unit.
00:15:24:08 – 00:15:56:02
Unknown
I can’t apply bonus, but you can apply bonus if you break out the five, seven and 15 year parts of that asset because those all have useful lives of 20 years or less. That was the first thing. The second thing that changed with the tax cuts and jobs Act was bonus depreciation used to only apply to brand new property.
00:15:43:01 – 00:16:18:01
Unknown
So you’d have to build a brand new four plex. You couldn’t buy an existing one. Well, that changed in 2017 and they added five words to the tax code. It says new to you, the taxpayer. So now you can go buy a building that was built in 1970. It’s new to you, the taxpayer. You do a cost study, separate those five, seven and 15 year assets, and all of a sudden you can accelerate, take 100% of those.
00:16:08:14 – 00:16:37:22
Unknown
So it doesn’t matter that length of time, because if you’re going from 27.5 down, you pick what time you want based upon how long you’re going to hold the asset. No. So that we pick it based, Actually not we. The IRS has picked it based on how long those assets last. So carpet only last five years according to the IRS, carpet last typically five years.
00:16:31:03 – 00:17:15:19
Unknown
So they allow you to depreciate it over five years, a driveway or a land improvement last 15 years. So typically that gets depreciated over 15 years. So cost segregation is going to segregate those items. Then we apply bonus, which means in that example we had with the four plex, if I segregate 30% of that or 300,000 and I take 100% bonus on that, I’m now getting a $300,000 write off in the first year versus if you remember when we first started the scenario, we were getting a $36,000 write off budget.
00:17:07:04 – 00:17:34:20
Unknown
So now if I make 130,000 in taxes or excuse me in income, in our first example, I remove 30,000 for my depreciate and I’d only be taxed on 100,000. Now, if I applied bonus depreciation, I’m now getting a $300,000 write off. I only make 130. So not only am I going to pay no taxes on my 130,000, I’m paying zero taxes, but now I’ve got 170,000.
00:17:31:06 – 00:18:05:11
Unknown
That carries forward as a deduction into next year’s tax return, and I’m going to pay no taxes next year. So I just put myself 60, $70,000 in taxes by doing cost segregation and taking advantage of bonus depreciation. So that’s kind of a high level. Mike, on how it works on buying an asset. Now let me just talk quickly to the agents, because I think this is probably the most important piece for them that’s buying on the buying side.
00:17:59:09 – 00:18:30:03
Unknown
When somebody comes to you and they’re selling an asset, let’s say they come to you, Mike, and they’re like, Hey, I bought this. I bought this office building five years ago for $1,000,000, and now selling it five years later and it’s worth 2 million. Can you help me out, Agent Of course. The agent’s going to say I’m happy to help you out.
00:18:18:00 – 00:18:54:18
Unknown
And not only can I help you out, I’m going to save you tax money by doing so. And the way you do that, Mike, is if I buy a building for $1,000,000 five years ago and I’m selling it for 2 million, I just when I go to settle up with the IRS, I’m telling them that everything is doubled in value, right?
00:18:34:12 – 00:19:22:03
Unknown
I bought all this stuff for a million. I’m selling all this stuff five years later for 2 million. So everything’s double today. So the IRS is going to charge you on that million dollars of gain. However, my land is doubled in value. My walls have doubled in value. But certainly my dirty, nasty carpet, that’s five years old is not worth double what I paid for it.
00:18:56:11 – 00:19:22:03
Unknown
When you don’t do cost segregation, when you’re selling an asset, you’re telling the IRS that your dirty, nasty carpet is worth double what you paid for it. And they said, okay, great, it’s worth double perfect. We’re going to charge you tax on that. What is your carpet worth after owning it for five years? Mike, If carpet is a five year asset, so I’ve owned it for five years.
00:19:16:07 – 00:19:40:00
Unknown
It’s a five year asset. It’s fully depreciated. When I sell it, it’s worth zero. It shouldn’t be selling it for double what you bought it for. That’s crazy. But the problem is, is your tax preparer doesn’t know because they’ve just treated this asset as one lump sum. They know you bought it for a million. They don’t know what the carpet’s worth, so then they can’t break it out.
00:19:34:24 – 00:19:58:09
Unknown
And so doing cost segregation not only on the front end when you’re buying assets, but also on the back end when you’re selling ads. And that’s where I think it’s most valuable of anybody. If you guys take anything from this podcast, the realtors, when your client comes to you, they’ve owned a building for a couple of years and it’s increased in value.
00:19:54:04 – 00:20:26:17
Unknown
Always suggest the cost. So they at least have the numbers run because in that example, that million dollar example, you could save your client 40, $50,000 in taxes and you’re going to be a hero in their mind. And not every agent’s going to tell them that, you know, agents Yeah, go ahead. I think anyone’s going to tell them that.
00:20:13:05 – 00:20:47:09
Unknown
No, that’s a tax preparer. Probably. Unfortunately, prior to 2017 and when the tax code was changed, is was it as what’s the difference? So the difference was when we segregate that, we say, okay, in that million dollar building, there’s, I don’t know, $120,000 worth of five year assets instead of taking that 120,000 all in the year in the first year because of a 100% bonus, prior to that, you would have to take that 120,000 over five years because it’s a five year asset.
00:20:43:21 – 00:21:27:11
Unknown
So you basically get a 20,000. Well, I don’t know what is 12 divided by five five and some change. You’re getting you’re getting a fifth of that basically every year for the next five years. So it’s still good. You’re still taking it from 27 and a half and advancing it to a five year asset. But with bonus, we were taking it from a 27 and a half, advancing it to five, and then we were able to take 100% of that in the first year because of that 100% bonus.
00:21:08:13 – 00:21:49:15
Unknown
So now I should state that the 100% bonus did expire at the end of last year. So assets that you do this on for 2023, you’re only going to get 80% bonus, which is still very, very favorable and then it phases out 20% every year. Mike Until 2027 when it’s down to zero or until the Congress changes their mind and decides to extend it.
00:21:33:03 – 00:22:09:23
Unknown
So there was actually talks in Congress. There’s already proposals on the table to extend the 100% bonus into 2025. So we’ll have to wait and see. Interesting. Yeah. Wow. Very, very interesting. But folks, if you’re sitting there just like listening to this and you’re trying to and this is for your own good as well, like if you’re buying a property, you know, we always say you guys should be investors yourself, not just selling, helping people acquire or sell the properties.
00:22:00:13 – 00:22:26:02
Unknown
You should be doing it yourself. This is really great knowledge to have. How much is this cost somebody you know, I’m sure it doesn’t is a cheap is that expensive? Like what does it cost our clients? That’s what they’re going to ask us next. How much is it going to cost my client? Well, that doesn’t matter if you’re making them an extra 4050.
00:22:18:10 – 00:22:54:14
Unknown
Sure, but. But it’s going to be a question to have. So like, how do you how does someone pay for this? Because it’s not a CPA service, right? It’s not. So it’s kind of in our studies are engineering based. So it’s quite an extensive process. We’re basically reverse engineering that house or that investment property and trying to put the values to all the components.
00:22:36:19 – 00:23:19:21
Unknown
So studies typically range anywhere from 20 $700 for single family homes up to 10,000, $15,000 for large office complexes. We’ve got multiple buildings, that type of thing. So I know that’s a wide range. Typically, we want clients to save anywhere from 7 to 10 x their investments. So if they’re two for charging them three grand, we’re hoping they’re going to save at least 30 grand in taxes.
00:23:05:02 – 00:23:42:02
Unknown
And now with bonus percent or with bonus 100% bonus, they can say it even. You know, I’ve seen cases where, you know, we charge a client 10,000 for a study and they’re saving $1,000,000 in taxes. It’s crazy. So yeah, that does have a cost to it, but the cost is going to the benefits going to far outweigh the cost.
00:23:25:19 – 00:24:06:17
Unknown
Yeah, I mean, it’s just numbers. Hey, would you do this for that is when it comes down to it. Wow, dude, this is pretty, pretty cool. I get it. How about short term property owners like flippers, people who are flipping homes and then that give me that question first. And then I have another question about length of time for other type of investors.
00:23:46:18 – 00:24:06:17
Unknown
So typically flipping if you’re flipping homes, it typically doesn’t make sense because you’re not holding the property. Well, a couple of reasons. One is when you’re flipping it, it’s never going into service and therefore it’s treated as inventory versus as an investment property. So you don’t even get to take depreciation on it to begin with. And so flipping typically doesn’t.
00:24:05:21 – 00:24:27:22
Unknown
What we’ll see flippers do is maybe I flip five houses this year. The last house, I keep it as a rental because I made $200,000 on my flips. I’m going to keep the last house as my as a rental property, rent it out for a few years, take the 100% bonus, pay no tax on the 200,000 I made flipping and then sell it.
00:24:28:00 – 00:24:56:24
Unknown
So sometimes it does make sense if that’s the case, because you can use those deductions that you get from your rental property to offset your flipping income in most cases. And so that’s oftentimes what we’ll see flippers do is you don’t get to take depreciation on the ones you flip, but maybe keep one or two of them every year so that you can use those deductions and pay no tax on that flipping income.
00:24:48:08 – 00:25:17:16
Unknown
And then how about someone who’s holding property? Is there like a length of time that you see a window here? Like, is it like, am I better off, like holding this property for 15 years or is this like a five year thing? What what’s the trend there? I don’t even know how to ask that question, but I think, you know what I know then.
00:25:04:12 – 00:25:38:20
Unknown
Yeah. So the longer you hold the property, the bigger your benefit overall will be because there’s a time value of money element, there’s inflation, there’s a number of reasons why. So the longer you hold it, the bigger savings you’ll get on your cost sake study. However, on properties over about $500,000 basis, you still want to do it even if you’re only holding it for a year because your tax savings will be significant enough to justify a study.
00:25:32:24 – 00:26:01:19
Unknown
So as long as it’s held for one taxable year. So if I buy it in January and I sell it in July, that doesn’t work. If I buy it in January and sell it the following January and it’s over 500,000, it’s probably going to pencil out. Now, the nice thing, Mike, is most car segregation companies out there will do a free benefit analysis, so they’ll never engage you to do a study unless you’re going to save significant tax dollars.
00:25:58:06 – 00:26:23:02
Unknown
And so always get the analysis done if you’re holding it over a taxable year and if the asset is at least 500,000, it always makes it typically always makes sense like it. Any closing thoughts you have for anybody else on the job? And then tell us about your site and where they can learn more about you. So kind of just closing thoughts.
00:26:20:12 – 00:26:58:00
Unknown
One thing I always like to add towards the end, I just think as you start to build out your real estate portfolio, this goes for anything. This goes for, you know, if you’re an investor and you’re buying in a certain market and you’re an investor, make sure that your real estate agent understands that market, understands your objectives as an investor because your objectives as an investor are probably different than somebody who’s looking for their primary home.
00:26:45:02 – 00:27:18:10
Unknown
And so and that’s your world, the real estate world in my world that I work in, typically with CPAs, tax preparers, as you build out your portfolio, there’s a huge difference between tax preparers and tax strategists. A tax preparer, they work at Walmart in the lobby, H&R BLOCK. You give them your W-2 information, they run it through their system.
00:27:06:10 – 00:27:34:21
Unknown
It spits out how much you owe. You write them a check and you’re done. That’s a tax preparer. They just input output there. Not a lot of strategy. But as you’re building your portfolio, it’s very important to find a CPA or a tax preparer who specializes in real estate and understands real estate, because if they’re not telling you about things like cost segregation, if you’re having to ask your CPA about cost segregation, there’s probably other things in the tax code you’re not aware of, and you’re probably leaving a lot of tax dollars on the table.
00:27:35:09 – 00:27:55:18
Unknown
And so, yeah, a tax preparer excuse me, a tax strategist is a little bit more money to pay because they’re giving you more of their time. They’re meeting with you three or four times throughout the year asking you what you’re buying, what you’re selling, what your income looks like. But in this industry, whether it’s a real estate agent or a tax preparer, you get what you pay for.
00:27:56:01 – 00:28:17:05
Unknown
And so, yeah, somebody might be asking for a little bit more commission upfront, but if they have the knowledge and they’re saving you, you know, $100,000 on the purchase price of a property because they have the knowledge of the industry, who cares if you’re paying them an extra 2000 in commission, you just saved 98,000 net. Right? So the same thing goes with tax preparers.
00:28:17:05 – 00:28:39:18
Unknown
Always find yourself a tax preparer who understands real estate because no matter what they charge, if they’re good, they’re going to save you tenfold that taxes on the back end. Awesome. Much down where your website is going because you guys want to learn more. Yeah it’s just WW w dot cost seg authority dot com that cosc TCG authority dot com.
00:28:40:04 – 00:29:01:12
Unknown
My contact information is up there information up there on how we’ll run a free analysis if you’re interested. If you think you have a property that might qualify, don’t hesitate to reach out you guys we, we don’t bill by the hour. We’re not a CPA firm. We don’t do tax returns here, but we’re happy to answer questions and partner with you and facilitate answer any questions we can.
00:29:01:12 – 00:29:17:16
Unknown
So again, don’t hesitate to reach out to any of us. We’re happy to answer any questions you may have. Appreciate you. Thank you. Folks for this. Another up. So the Real Estate Marketing Dude podcast. But you know where to find us. If you like what you heard there today, go visit a site, check them out, see what he’s up to.
00:29:18:03 – 00:29:36:10
Unknown
But thank you guys for listening to another episode. If you guys are stuck figuring out a way to stay in front of your database, how to market them, how to add more value to them, and how to stop being forgotten about and cheated on by other realtors because people don’t remember who the hell you are. You got to visit referral suite WW dot referral suite dot com that is wect.
00:29:36:10 – 00:29:56:14
Unknown
And yes, we will help build your brand and in for the people that matter most that are responsible for the vast majority of business. Thank you for this another episode we’ll see you guys on next week’s show appreciate it by boom. Thank you for watching another episode of the Real Estate Marketing Do podcast. If you need help with video or finding out what your brand is.
00:29:56:20 – 00:30:16:16
Unknown
Visit our website at WW dot Real Estate Marketing dude dot com. We make branding and video content creation simple and do everything for you. So if you have any additional questions, visit the site, download the training and then schedule time to speak with the dude and get you rolling in your local marketplace. Thanks for watching. Another episode of the podcast will see you next at.