May 10, 2024

Revealing Lesser-Known Tax Breaks with Joe Viery: Cost Segregation Strategies for Real Estate Investors

Episode 163:

What you’ll learn about in this episode:

In this jaw-dropping episode of The Mentor Podcast, host Ron LeGrand sits down with cost segregation expert, Joe Viery, to uncover significant tax-saving strategies for real estate investors.

Joe founded his company with the goal of providing quality cost segregation studies. As a Cost Segregation Professional, CSP, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging IRS compliant cost segregation studies.

Since becoming a CSP in 2007, Joe has performed thousands of cost segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single family residences.

Joe shares invaluable insights on how to leverage cost segregation for both residential and commercial properties, potentially saving thousands of dollars in taxes. If you’re a real estate investor or planning to buy properties, this episode is a must-listen as Joe walks through the benefits of accelerated depreciation and energy tax credits.

Key topics covered:

  • Accelerated Depreciation: How cost segregation accelerates depreciation for real estate investors and the benefits of time value of money.
  • Tax Deductions: The types of components in a building that can be accelerated for tax deductions, such as flooring, appliances, and landscaping.
  • Cost Segregation for Residential Properties: The applicability of cost segregation not only for commercial properties but also for smaller residential properties.
  • Tax Credit for Energy Efficiency: How energy-efficient upgrades in properties can qualify for significant tax credits through the 45L program.
  • Depreciation Recapture: Understanding the implications of depreciation recapture and how cost segregation can mitigate it.
  • 1031 Exchanges: The impact of cost segregation on properties involved in 1031 exchanges and how to maximize tax benefits.
  • Bonus Depreciation: The phasing out of bonus depreciation and what it means for real estate investors.
  • Tax Planning: The importance of consulting with tax professionals and financial planners to make informed decisions about cost segregation.


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