On this episode, Mike talks with Joel Dobrin with Cost Segregation Initiatives. They discuss cost segregation as a tax strategy in real estate financing, with details on the process and benefits of cost segregation studies. They clarify the process and highlighted potential tax savings for various investment opportunities, including a manufacturing facility, apartment complex, mixed-use retail and restaurant property, retail shopping center, and self-storage facility. Joel encouraged listeners to reach out for more information on cost segregation and investment opportunities.

From Joel:

“With over 35 years’ experience in financial services, Joel Dobrin is a Cost Segregation specialist. Joel's partners at Cost Segregation Initiatives are among the elite in their profession in their ability to produce certified cost segregation reports. Only those with the CCSP designation can stamp a cost segregation report with the seal of the American Society of Cost Segregation Professionals, which makes the work that he does constantly in demand. Over the past 15+ years, Joel's firm has completed over 1,500 "certified" engineering - based cost segregation studies and is known as one of the premiere firms of its kind in the nation.”

Highlights:

Cost segregation for tax savings on a $1 million property. (4:17)

Cost segregation for tax savings in real estate investments. (10:18)

Cost segregation with emphasis on quality standards and certification. (21:41)

Follow Joel:

https://www.linkedin.com/in/joel-dobrin-52493816/

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

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This podcast is produced by Jim McCarthy and ItsYourShow.co