Hey Reader,

Big update here at Maven Cost Seg!

We just brought on Erik Oliver to the team. If you’re in the real estate or CPA world, you’ve probably heard his name as he’s one of the most well-known guys in cost seg.

Erik’s been at this for almost a decade. He was VP of National Accounts at one of the big cost seg firms, has spoken on stages across the country, and been on countless podcasts. People invite him back because he makes a complicated topic simple. He’s helped investors unlock tens (sometimes hundreds) of thousands in tax savings by showing them how to use cost seg the right way.

Everywhere I turn, people say the same thing about him: he’s sharp, easy to talk to, and trusted. That’s exactly the type of person I want to build Maven Cost Seg with.

Bringing Erik on raises the bar for us as a team. I'm excited to learn from him and bring his expertise to our clients.

Financial Freedom with Real Estate Investing Podcast

I joined Michael Blank on his podcast recently and one thing I wanted to drive home is that cost seg give investors leverage. You can literally create deductions that are bigger than the cash you put into a deal, carry those losses forward to offset future gains, and even go back and catch up on depreciation you missed years ago.

Here are a few of the big takeaways from our conversation:

1. If You’re a High-Income Earner, the Number One Thing Holding You Back Is Taxes: That’s what keeps a lot of people from getting ahead. Real estate gives you a way to cut that bill down and accelerate your wealth.

2. Depreciation Is a Phantom Expense: It doesn’t hit your bank account, but it lowers your taxable income. On a $275K rental, you can write off about $10K every year without spending any cash.

3. Losses Keep Rolling Forward: If you can’t use all the losses today, they don’t disappear. You can carry them forward and use them in future years to offset gains or recapture. That’s how you keep playing the game.

4. You Can Go Back and Catch Up: If you didn’t do a study in year one, you’re not out of luck. We can file a 3115 with the IRS and catch up all the depreciation you missed without amending past returns. Some investors even wait until they qualify for REPS or hit a high-income year, then pull that card.

5. Sometimes You Can Deduct More Than You Invested: This is the wild part. Put $300K down on a $1M building, and a good study might give you $350K in deductions. Your write-off can actually be bigger than the cash you put into the deal.

If you’ve got a property and want to see what the numbers look like, book a call with me. I’ll run an upfront analysis, show you the potential tax savings, and help you decide if it’s the right year to pull the trigger.

Talk soon,
Sean

CPA | Founder of Maven Cost Seg​

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