#96: How To Use Cost Segregation To Your Advantage with Terry Judge
Multifamily Investing with Multifamily Attorney Charles Dobens
Terry Judge is the Founder and CEO of CORE Solutions Group, LLC. Terry has both a tax and engineering background and over the last 14 years, along with his team, has completed thousands of engagements that have yielded over a BILLION DOLLARS in NET TAX SAVINGS. Terry and I discuss how to use cost segregation to your advantage. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.
OFRE S48: Using Cost Segregations for Massive Tax Savings with Terry Judge
Old Fashioned Real Estate Show
Brian and Jeff bring on Terry Judge the CEO of Core Solutions Group to talk about how his company provides services that enhance cash flow by reducing or eliminating taxes. We share how we have been able to eliminate federal income taxes. Terry shares how by using IRS allowed engineer based cost segregations studies it is possible under the current tax law to dramatically reduce tax obligations. Terry also shares with us other strategies to save on taxes and business expenses and then he finishes with providing an opportunity to partner with his company and potentially make money by sharing their services. If you are looking for a cost segregation or any of his services you can find out more by going to the following link https://www.thecostsegguy.com/oldfashionedrealestatehome For more information about Jeff check out http://www.jeffreyholst.com For more on us check out http://www.oldfashionedrealestate.com
WS758: The Election And Tax Savings with Terry Judge
The Real Estate Syndication Show
Saving on tax can make a big difference to any investor or operator, but getting clear on where these savings can occur can be a little tricky for the best of us. Here to shed some light on this evolving landscape is Terry Judge from CORE Solutions Group, the company he founded to help clients make the most of the tax laws of any given time. In our conversation, he goes through the basics of cost segregation, bonus depreciation, and everything in between.Our gracious sponsor: Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.
CORE Solutions Group is on a mission to help it’s clients to improve cash flow, improve asset value and ROI for a wide range of businesses, property investors, CPAs and high net worth individuals. Over the last 12 years, we have become the premier specialty tax and engineering firm nationwide. Our unique staff is comprised of some of the most experienced tax, legal and engineering minds in the business, ready to serve and deliver unprecedented service and unmatched capabilities.If you are interested in investing with us, contact us on our Investor Contact Page
061 Terry Judge: Understanding The ‘Unsexy’ Side of The Real Estate Business
Construct Your Life With Austin Linney
Terry Judge: Understanding The ‘Unsexy’ Side of The Real Estate Business Meet Terry judge, a serial entrepreneur who owns a full-blown commercial real estate specialty tax firm. His firm is not a CPA but works with thousands of CPAs around the country that bring them to work with their multifamily clients and other commercial real estate investors. In this episode of Construct Your Life Podcast with Austin Linney, Terry explains the process and benefits of writing off multifamily buildings from one year to five years in front row depreciation which eventually brings them to zero taxable income over time. Listen in to learn how a 3-day work week brings in more performance than a 5-day workweek. You will also learn the importance of surrounding yourself with likeminded people as a starting entrepreneur. “I do a 3-day work week but I get more done than most people because it’s all focus.” [26:24] What You Will Discover: [5:32] The meaning and benefits of bonus depreciation and what qualifies investors. [9:54] The importance of putting your team together as a new real estate entrepreneur. [14:42] The power of networking and surrounding yourself with successful people. [18:20] The value of time and how not to trade time with money. [24:22] How to focus on what is important with a 3-day workweek. [27:47] Learning how to connect with potential clients. Relevant Links: Website: https://coresolutionsgroup.net/ LinkedIn: https://www.linkedin.com/in/coresolutionsgroup Email: email@example.com #podcast
Episode 017: Terry Judge, the founder and CEO of Core Solutions talks about the benefits of utilizing a cost segregation study to maximize your investment.
Value Added: The Real Estate Podcast
This week we sit down with Terry Judge, Founder and CEO of Detroit, MI-based Core Solutions. Core is a tax and engineering advisory firm specializing in commercial real estate cost reduction, more specifically in performing cost segregation studies to mitigate tax liability when purchasing income producing commercial real estate. Books: Think and Grow Rich - Napoleon Hill (https://www.amazon.com/dp/193787950X/ref=cm_sw_em_r_mt_dp_U_sVYhFbCRPT5DR) Charity Work: Transportation Equals Transformation (https://www.eventbrite.com/e/transportation-transformation-tickets-111075728494)
#109: Don't Let the IRS Hold Onto Your Money with Terry Judge
W2 Capitalist | EARN. INVEST. REPEAT.
Terry Judge is a is the Founder and CEO of CORE Solutions Group, LLC. He is the visionary behind the brand and oversees much of the growth and strategic business planning. Terry has an extensive entrepreneurial background with over 25 years in business ownership and is one of the early adapters of engineering-based cost segregation studies, as well as other highly specialized tax credits and incentives. He has a passion for educating people in the commercial and multi-family space on how to maximize cash flow and take full advantage of the everchanging tax code. Terry speaks nationally and has published several white papers on the magic of cost segregation. Terry has both a tax and engineering background and over the last 14 years, along with his team, have completed thousands of engagements that has yielded over a BILLION DOLLARS in NET TAX SAVINGS. Today, Terry and his firm CORE, are blessed to work with so many of the top accounting, real estate firms as well as the brand new investor who just purchased their first multi family investment property! Terry is a firm believer in giving back and supports several local charities in Detroit through its newly formed charitable arm, called CORECARES. CONNECT WITH TERRY : firstname.lastname@example.org KEY TAKEAWAYS: The Forbes Article What is Cost Segregation Straight-line Depreciation vs Cost Segregation When can You initiate a cost Segregation Cost Segregation is for $500k Purchase Price and above What does Cost Segregation Do for returns in a MF Cost Segregation Criteria IRS Recapture How the Cost Segregation Misused How to start the Cost Segregation Process Convince my CPA I need to do a cost Segregation or do Find a new CPA Time value of money and the speculation that inflation is coming with all the money the fed is pumping into the economy Episode Affiliate: W2 Capitalist Affiliates Links mentioned in this episode: EARN. INVEST. REPEAT. SWAG The W2 CAPITALIST COMMUNITY
MB 203: The MAGIC of Bonus Depreciation – With Terry Judge
Financial Freedom with Real Estate Investing
Imagine earning as much as $10K in cashflow distributions from your investment in a multifamily property in a given year—yet claiming a taxable LOSS! You CAN mitigate (and in many cases even eliminate) taxable income for years with the MAGIC of bonus depreciation. But you do need to do a cost segregation analysis to claim it. Terry Judge is the Founder and CEO of CORE Solutions Group, one of the nation’s leading cost recovery consulting firms specializing in engineering-based cost segregation studies. He is committed to educating multifamily investors on how to maximize cashflow and take full advantage of the ever-changing tax code. Terry has 14 years of experience in the cost seg space, yielding more than $1B in net tax savings for CORE clients. On this episode of Apartment Building Investing, Terry joins me to discuss the benefits of doing a cost segregation analysis, explaining how it accelerates depreciation and mitigates the investor’s taxable income. He describes how changes to the 2017 tax code in made it useful for even small multifamily buildings to leverage a cost seg study and walks us through the advantages of taking bonus depreciation in Year 1 (versus spreading it out over the hold period). Listen in for Terry’s insight around the best exit strategies for avoiding a big tax bill and learn about the additional tax breaks you can earn with energy-saving renovations. Key Takeaways How Terry got into cost segregation analysis Work in energy space, introduced to idea by accountant Noticed gap between government, CPA and investor The benefits of doing a cost segregation analysis Way to accelerate depreciation (from 27½ to 5 years) Take advantage of time value of money Mitigate taxable income, 20-year carry forward What a cost segregation analysis looks like Breaks property down into component parts Apply depreciation schedule one by one How the 2017 Tax Cuts and Jobs Act changed cost seg Smaller properties qualify ($500K) Take bonus depreciation in Year 1 The process of working with Terry’s team at CORE Send purchase price/date and address Kickoff call to go over benefit analysis How much it costs to get a cost segregation analysis Varies by location, requirements 15:1 return on investment How to avoid a big tax bill when you sell a property Hold 3+ years to leverage time value of $ Impact lessened as value of assets reduced Buy new property same year to offset gain Why Terry advises taking bonus depreciation in Year 1 Can opt to spread out over hold period Investors carry forward losses if can’t use The Energy Efficient Commercial Buildings Deduction Incentivizes energy saving renovations Includes lighting, HVAC and building envelope Up to $180K in additional depreciation Connect with Terry Judge Core Solutions The Cost Seg Guy No-Cost Benefit Analysis Resources Tax Cuts and Jobs Act of 2017 IRC 179D Deal Maker Live What’s the Best Investment: The Stock Market or Real Estate? Nighthawk Equity Michael’s Mentoring Program Podcast Show Notes Review the Podcast on iTunes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
What you need to know about cost segregation with Terry Judge. #22
Starkey Multifamily Investing
In today's episode, we have Terry Judge, CEO of CORE Solutions Group, a Cost Segregation company, who'll talk about cost segregation and the many advantages for your commercial building. Did you know you can do a cost segregation study for a portfolio of single-family homes? To get in touch with Terry, please visit the website: www.coreadvisors.net or you can send him an email at email@example.com ----------------------------------------------------------------------------------------------------------- To check on my latest podcast, please subscribe to Starkey Multifamily Podcast To connect with me, you may reach me on Reed@StarkeyCapital.com Join our Facebook group: https://www.facebook.com/groups/StarkeyMultifamily To know about our events and meetups, click on this link: https://www.meetup.com/Starkey-Multifamily-Meetup/events/--- Support this podcast: https://anchor.fm/reed-starkey/support