Maximizing Real Estate Investments with Tax Savings: Joseph Viery’s Insider Tips

In this enlightening episode, we delve into the niche world of real estate taxation with industry expert Joseph Viery. Joseph's deep-seated knowledge and passion are key in this discussion that educates us on leveraging tax benefits to maximize real estate investments and accelerate wealth growth. This unique conversation is sure to intrigue everyone from seasoned investors to those venturing into real estate for the first time.   Joseph explains how cost segregation, or "cost segregation," can help real estate investors save thousands of dollars by accelerating depreciation. Discover how this strategy aids in offsetting income taxes and reinvesting the saved capital into growing your real estate portfolio. We also dive into energy tax credits, a crucial yet often overlooked area, which could benefit property "flippers" and value add buyers.   If you have a building, plan to acquire one, or already own a real estate portfolio, you can't afford to miss out on these expert insights. Join us and find out how you can optimize your investments, keep more money in your pocket, and grow your wealth using these advanced tax strategies. Prepare to unlock the full potential of your real estate investments with this must-listen episode.   Chapter Stamps:   [00:00:00] Introduction of the podcast and guest, Joseph Viery. [00:01:00] Discussion on Joseph's background and how he got into cost segregation. [00:02:00] Elaboration on the concept and benefits of cost segregation. [00:03:30] Understanding of how cost segregation works and the types of properties it applies to. [00:07:00] Joseph explains the process of cost segregation study. [00:10:00] Discussion on the investment value of cost segregation. [00:13:00] Shahid expresses surprise about the significant tax savings. [00:15:19] Joseph talks about the importance of consulting an accountant about income taxes. [00:15:49] Discussion on how Joseph helps people save a lot of money. [00:17:05] Explanation about active and passive real estate investors. [00:18:08] Understanding of accelerating the depreciation. [00:19:00] Discussion on the purchase of new buildings. [00:19:39] Talk on energy studies and tax credits. [00:20:32] The significance of making energy efficient improvements in the buildings. [00:22:07] Shahid appreciates Joseph for his knowledge and passion. [00:22:43] Joseph shares how people can reach out to him for cost segregation consultation. [00:23:13] Closing remarks by Shahid, thanking the audience for joining.   Pullout Quotes:   "Cost segregation study is really just an engineering-based study that helps real estate investors save taxes."   "It's not about the cost of the study; it's about the value that the study brings to you."   "You could be sitting on a building, and not even realize that you could potentially qualify for hundreds of thousands of dollars in tax credits."   "The energy tax credit is a one-time credit that can be substantial, especially for property 'flippers' and value-add buyers."   "People could be sitting on things that could help them increase their wealth at the end of the day."   "If you're ready to move forward, then you move forward. And if you don't, great. Good luck. And when you need me, call me."   Socials:   Website: ustagi.com   ----more---- Notice to the Super Entrepreneurs community: Before we part, remember to join our Private Facebook group, 'Mindset for Business Success.' Here we share mindset wisdom to elevate your life and business, ready for a transformative journey? This group is your key to unlocking potential and achieving business growth. Don’t miss out on this incredible free resource. Join us in 'Mindset for Business Success' today!   Join Now   ----more---- Disclaimer: Please be aware that the opinions and perspectives conveyed in this podcast are solely those of our guests and do not necessarily represent the views, ideologies, or principles of Super Entrepreneurs Podcast, its associated entities, or any organizations they represent or are affiliated with. We provide a platform for discussion and exploration, and the content of each episode is understood to be independent expressions from our guests, rather than a reflection of the beliefs held by the podcast or its hosts.