Episode 63: Joseph Viery Talks About What Cost Segregation Can Do For Real Estate Investors

Welcome to Eat, Sleep, Invest. In this episode, Bryan Driscoll talks with Joseph Viery. Joseph started working with cost segregation in 2007 and helps real estate investors do more with their money. He works with the rules of the IRS to minimize tax burdens for investors.

He started his own company about six years ago and offers full-service engineering for a wide range of investors. Bryan and Joseph discuss:

2:42 A quick overview of what cost segregation is

5:00 An example of how cost segregation works with a single-family home

6:21 How saving this money can help you buy more properties or put you in a lower tax bracket

7:29 How you can stagger the cost segregation between different years  

9:07 Why this method isn’t about getting extra depreciation, but it’s front-loading the depreciation

10:22 Who cost segregation is helpful for when holding properties long-term or short-term

11:48 Why cost segregation doesn’t increase your chances of being audited because it’s established law by the IRS

13:57 What’s on the report you get from Joseph’s company

15:14 How the process works to get a cost segregation report

17:13 The timeline you need to follow to have this done before the end of the year

18:47 Information about the new energy studies and tax credits

Contact Joseph:

https://www.ustagi.com/

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