1031 Exchange – The Truth About Wealth

Cost Segregation In Real Estate — Part 2 with Isaac Downing (Ep. 93)

By thetruthaboutwealth | October 19, 2022

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Did you know that cost segregation studies can be conducted on commercial and residential properties?

This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. Isaac also outlines the tax benefits these studies can provide to passive and active investors.

Isaac discusses:

The 1031 Exchange as a powerful tool within the real estate arena
How tenants can benefit from cost segregation studies
Ways accelerated depreciation works
Cost segregation studies according to different property types
And more!

Resources:

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About Our Guest:

Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies. Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies.

It’s not typical for salespeople to have accounting and engineering experience, but Isaac is anything but ordinary. A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance.

Episode 52 – A Deep Dive Into the 1031 Exchange – With Guest Gary Callahan

By thetruthaboutwealth | March 3, 2021

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While Section 1031 of the Tax Code provides tax deferral solutions for the nation’s middle-class, it’s also a helpful tool for economic and job growth.

In this episode, John and Michael Parise sit down with Gary Callahan, the senior vice president of Inland Securities Corporation. Today, Gary shares his expertise in the 1031 exchange arena. He refers to this unfamiliar tax benefit for real estate investors, even though it has been in the tax code for a long time.

In this episode, you will learn:

How a 1031 exchange can help you avoid real estate-related taxes
Gary’s role in 1031 exchange education for real estate attorneys, accountants, and CPA’s
The difference between a 1031 exchange transaction and trust structure
Diversification of assets as a Delaware Statutory Trust (DST) benefit
The timeline of a 1031 exchange: What are its deadlines
And more!

Tune in and find out how Gary and his team at Inland can help YOU and your clients in their 1031 exchange!