#1 - Cost Segregation Analysis w. Kyle Turner
Thu Feb 16 2023
Hey there! Thanks for listening to the inaugural Real Estate Investing FOR REAL Podcast!
If you liked this podcast and want to learn even more about what it takes to build a real estate investing business, please follow us for more, and head over to Apple Podcasts to leave us a written review, it helps the show grow!
Don't forget to share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.
Join the community on Facebook, YouTube, and TikTok for even more content, information, and resources about real estate investing.
Follow our YouTube channel: @forrealestateinvesting to watch this podcast unedited and with extra content!
Our guest today is Kyle Turner. Kyle grew up in Kentucky but has been in Wichita for about 13 years. He is a tax partner at an accounting firm which primarily works with real estate investors. He is also a part owner at Midwest Property Advisors. Kyle helps investors tighten up their finances and helps them uncover tax deductions and save them money!
In today’s episode, we talk about what cost segregation analysis is; how cost segregation can decrease your tax liability; why real estate investors need to be doing cost segregation on their rentals; how cost segregation analysis works for every real estate investor; how some real estate advisors confuse activity with progress; why investors often get bad advice; why there’s no reason to file for more business LLC’s than you need; how trusts can be used for real estate investing and are good estate planning vehicles; how the IRS code enforces behavior; why you don’t need to maintain an adversarial relationship with the IRS; and so much more!
KEY TAKEAWAY: Your numbers MATTER, so don’t be afraid to hit the books and run your numbers.
Find Kyle Turner:
Email Kyle: kyle.turner@rcmpa.com
Kyle’s Certified Public Accounting Firm: https://rcmllp.com/
Buy Kyle’s Whiskey: http://1620distilling.com/
Thanks again for listening, and remember to Rate, Review, Learn and Share.
If you enjoyed this episode and want to learn even more about what it takes to build a real estate investing business, head over to Apple Podcasts and subscribe to the show.
The show is also available on any of your other favorite podcast players.
Don't forget to share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry.
Join the community on Facebook, YouTube, and TikTok for even more content, information, and resources about real estate investing.
Until next time!
More
Hey there! Thanks for listening to the inaugural Real Estate Investing FOR REAL Podcast! If you liked this podcast and want to learn even more about what it takes to build a real estate investing business, please follow us for more, and head over to Apple Podcasts to leave us a written review, it helps the show grow! Don't forget to share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community on Facebook, YouTube, and TikTok for even more content, information, and resources about real estate investing. Follow our YouTube channel: @forrealestateinvesting to watch this podcast unedited and with extra content! Our guest today is Kyle Turner. Kyle grew up in Kentucky but has been in Wichita for about 13 years. He is a tax partner at an accounting firm which primarily works with real estate investors. He is also a part owner at Midwest Property Advisors. Kyle helps investors tighten up their finances and helps them uncover tax deductions and save them money! In today’s episode, we talk about what cost segregation analysis is; how cost segregation can decrease your tax liability; why real estate investors need to be doing cost segregation on their rentals; how cost segregation analysis works for every real estate investor; how some real estate advisors confuse activity with progress; why investors often get bad advice; why there’s no reason to file for more business LLC’s than you need; how trusts can be used for real estate investing and are good estate planning vehicles; how the IRS code enforces behavior; why you don’t need to maintain an adversarial relationship with the IRS; and so much more! KEY TAKEAWAY: Your numbers MATTER, so don’t be afraid to hit the books and run your numbers. Find Kyle Turner: Email Kyle: kyle.turner@rcmpa.com Kyle’s Certified Public Accounting Firm: https://rcmllp.com/ Buy Kyle’s Whiskey: http://1620distilling.com/ Thanks again for listening, and remember to Rate, Review, Learn and Share. If you enjoyed this episode and want to learn even more about what it takes to build a real estate investing business, head over to Apple Podcasts and subscribe to the show. The show is also available on any of your other favorite podcast players. Don't forget to share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community on Facebook, YouTube, and TikTok for even more content, information, and resources about real estate investing. Until next time!